The Merton - Block 02

38 New Praya, Western / Kennedy Town, Hong Kong
HKD $ 27M | SA 997 SF | GA 1,363 SF | 3BD | 2BA
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Property number: 133013 Updated : 2025/03/18
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Layout / Parking Space

Description

Description
  • Situated on a high level boasting stunning unobstructed sea views.
Internal Condition
  • Three-bedroom penthouse apartment in the heart of Kennedy Town.
  • Bright and airy open plan living and dining room with access to two balconies.
  • Spacious living and dining room has great potential for any imaginative decorations.
  • Master bedroom can accommodate a queen-size bed and includes a built-in wardrobe.
  • Ensuite bathroom offers a good-size rain shower with clear glass door, spacious marble counter top, along with upper and lower cabinets.
  • Second bedroom includes a built-in mirror-door wardrobe.
  • Third bedroom is perfect to be a child or guest room.
  • Lots of cabinets, a fridge, gas hob, dishwasher and extended service counter complete the open kitchen.
  • Guest bathroom with a full-sized bathtub matches the design of the ensuite.
  • Washer and dryer are in the utility room which can also be used as a home office, maid's room can be used for storage.
External Area
  • Two balconies attaching to the living and dining room through sliding glass doors are great for chill out.
  • The private roof terrace offers you the most relaxing 360-degree views.
  • Set your table and chairs on the private roof terrace and enjoy an alfresco dining anytime.

Building

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

Communal Facilities
  • Children's Pool
  • Swimming Pool
Clubhouse Facilities
  • Gym
  • Sauna
  • Swimming Pool
Children Facilities
  • Children's Playground
Arts & Entertainment
  • Bar / Lounge
  • Function Rooms
  • Reading Room

Mortgage Calculator

Monthly Repayment
$94,618
Minimum Household Income
$189,236
Mortgage Plan
Expenses
Stamp Duty [1]
1,147,500
Agent Commission [2]
270,000
Sub Total
1,417,500
Deposit
Initial Deposit (5%) [3]
1,350,000
S & P Agreement (5%) [3]
1,350,000
Further Down Payment
5,400,000
Sub Total
8,100,000
Total Cash Outlay
9,517,500

Financing
18,900,000
Total Interest Payable
9,485,400
Total Repayment
28,385,400
Monthly Repayment
94,618

[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.