Hualan Garden two-bedroom monthly rent: 17.5k, with a 5.4% return

Quarry Bay Hualan Garden, Silan House, middle floor, Unit F. Saleable area: 379 sq ft; two-room layout with good room separation. Facing northeast. Asking rent: 18.5k per month. The listing had been on the market for about 1 month, and it was ultimately let out at 17.5k per month. Rent on a practical sq ft basis: 46.2 yuan.

Centaline Property Services said the new tenant is a working professional from the outlying areas. They were impressed by the property’s well-proportioned and practical layout, and because its location makes it convenient to commute to and from the office, they decided to rent it.

The owner purchased the unit for HK$3.88 million in 2012. They held the property for 14 years. This rental transaction offered a 5.4% gross rental yield.

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