The Merton - Block 01

38 New Praya, Western / Kennedy Town, Hong Kong
HKD $ 10M | SA 496 SF | GA 655 SF | 2BD | 1BA
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Property number: 85929 Updated : 2025/10/15
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Layout / Parking Space

Description

Description
  • Expansive views over the city, the mountain and a part of the harbour.
Internal Condition
  • Well maintained apartment with floor-to-ceiling windows brightening the rectangular living and dining room.
  • Two cozy bedrooms would fit double or queen-size bed with effiicient space to fit another wardrobe.
  • Fully fitted kitchen comes with gas hob, exhaust hood, fridge and washer and dryer .
  • Bathroom comes with marble countertop and kept in godd condition
External Area
  • Balcony adjoining the living and dining room could fit a small table and chairs.

Building

High-rise Apartment, Year built 2005 ( Building age 20 )

Communal Facilities
  • Swimming Pool
Clubhouse Facilities
  • Gym
  • Swimming Pool

Mortgage Calculator

Monthly Repayment
$35,044
Minimum Household Income
$70,088
Mortgage Plan
Expenses
Stamp Duty [1]
370,000
Agent Commission [2]
100,000
Sub Total
470,000
Deposit
Initial Deposit (5%) [3]
500,000
S & P Agreement (5%) [3]
500,000
Further Down Payment
2,000,000
Sub Total
3,000,000
Total Cash Outlay
3,470,000

Financing
7,000,000
Total Interest Payable
3,513,200
Total Repayment
10,513,200
Monthly Repayment
35,044

[1] Exact Stamp Duty to be determined by Government
[2] Exact Real Estate Agent Commission to be confirmed by Real Estate Agent
[3] Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)
The calculated values are based on assumptions and provide an approximate result for your reference only.