|Price||: HKD 10,000,000 sale with lease|
|Saleable Area||: 437 sq.ft.|
|Gross Area||: 560 sq.ft.|
|Management Fee||: HK$ 989 per month|
|Government Rate||: HK$ 3,000 per quarter|
|Government Rent||: To be confirmed|
|Last Updated||: 2021-10-20|
|This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.|
|Flat Roof||: 637 sq.ft.|
|Basic Info||High-rise Apartment|
|Year built||1983 (building age 38 years)|
|Transportation||Bus, Mini-bus, MTR, Tram|
After British army arrival at Possession Point (now Hollywood Park next to Possession Street) in 1841, the 800 or so volunteer soldiers from India and Bangladesh stationed in West Point (hillside of Water Street). Thereafter, the area west of Hollywood Park was called Sai Ying Pun 西營盤, meaning 'Western Garrison'. Flourishing trades required construction of piers, docks, warehouses, and properties to accommodate merchants for rice, dry seafoods, and herbal medicines, and the workers who supported these activities. Even today, one can still find remnants of the early colonial past in the district. World War II brought mass destruction, giving rise to reconstruction of many buildings to four to six storey tenement buildings with shops on ground floor. Rapid population growth and technological advancement necessitate these post war buildings to be redeveloped into highrises.
There are many prestigious colleges and schools can be found in this district, namely King's College, St. Clare Primary, St. Stephen Girls College, St. Paul College, etc.
Property values were suppressed as MTR somehow missed Sai Wan when the railway opened in 1979. Thanks to recent MTR access, the long forgotten sleepy Sai Wan is coming back in a vengeance. As old buildings are redeveloped, new home buyers and tenants are moving in, which attract new and upscale businesses to serve this new and more affluent customer base. The district is now flourishing as many new businesses are setting up, including chain stores, specialty stores, and trendy restaurants and pubs.
St. Paul’s College
The University of Hong Kong
Sai Ying Pun MTR
Sai Ying Pun Market
Lan Kwai Fong
* Rental Incl.: Rental Inclusive (including management fee and government rate)
The above rental or sale information is provided by the hong kong property agency Proway Relocation & Real Estate Services Ltd or its sister companies, a premier real estate agency specializing in realty, residential property for rent and sale in Hong Kong. Looking to rent a flat, buy a flat or list property? Please call us at +852 28660130.