The Merton - Block 02

38 New Praya, Western / Kennedy Town, Hong Kong
HKD $ 12.2MSA 507 SF | 2BD | 1BA
Expand
Photos
Map
For Sale (HKD $)
12.2M
Room
2
Bath.
1
Age (yrs)
21
Gross Area (SF)
697
$17,504/SF
Saleable Area (SF)
507
$24,063/SF
Efficiency(%)
73%
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Bay Window
22 s.f.
Request Information

Layout / Parking Space

Bedroom
2
Bathroom
1
Living / Dining Room
Combined
Balcony
1

Management / Government Fee

Management Fee
$2100.00
Government Rate
$3300.00
Government Rent
$1800.00

Description

Description
  • The views extend from the nearby buildings towards the sea.
Internal Condition
  • Bright living room has full height doors opening to the sea view balcony.
  • Efficient layout of the living and dining room allows for an optimal arrangement of furniture.
  • The master bedroom is flooded with sunlight and a sea view.
  • Well-positioned second bedroom receives good natural light.
  • Fully fitted kitchen is equipped with essential appliances.
  • Thoughtfully designed bathroom with washing area divided from the toilet.
External Area
  • The small balcony off the living room would be a cozy and airy outdoor area for a tea break.

Building

High-rise Apartment, Year built 2005 ( Building age 21 )

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
$42,754
Minimum Household Income
$85,508
Mortgage Plan
Expenses
Stamp Duty [1]
457,500
Agent Commission [2]
122,000
Sub Total
579,500
Deposit
Initial Deposit (5%) [3]
610,000
S & P Agreement (5%) [3]
610,000
Further Down Payment
2,440,000
Sub Total
3,660,000
Total Cash Outlay
4,239,500

Financing
8,540,000
Total Interest Payable
4,286,200
Total Repayment
12,826,200
Monthly Repayment
42,754

[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.

More