Hello everyone I'm Holly Wong Chuk Hang Blue Coast is about to go on sale What are the second-hand options in the same area? Have their property prices been affected by the launch of new developments? Today we will go to Yanghai and No. 9 Shenwan Visit two listings One of them is still brand new and has never been lived in. If you have any opinions, please leave a message to discuss Chance to win coffee gift certificates Also, a reminder to everyone Remember to Subscribe to 28Hse’s YouTube Channel And press the bell icon next to it Wong Chuk Hang is one of the key areas for new development supply There are a total of 6 issues on the top of the station 4 phases have been launched so far They are Jinhuan and Yanghai respectively. Hoi Ying Shan and Blue Coast Blue Coast coming soon Developed jointly by Cheung Kong and MTR Corporation can be further subdivided into two phases Total 1,200 units Developer launches Phase 3B first Involving 642 groups Key date is December 2025 The off-the-plan period is about 21 months The project has been uploaded Prices are expected to start this month Agents point out that most property owners in the area have a wait-and-see attitude towards putting up a sale. Or we have to wait until the real estate price is announced will consider adjusting the price Because compared to their purchase price that year, They don’t want it to be too different from the selling price either. So they also want to give it a try Look at the price Will it meet their expectations? So they all have a wait-and-see attitude. And they won't be too eager to sell it. Blue Coast covers 2 to 4 bedrooms Among them, 3-bedroom units account for more than 70% The main unit type of the property The salable area ranges from 728 to 1006 square feet In this episode, we find the neighboring Yang Hai The same 3-bedroom second-hand listing of more than 700 square feet Let’s take a tour with everyone Yanghai is jointly developed by Kerry, Sinoland and MTR Corporation Provide 600 units Covers 1- to 4-room partitions The project was completed in the middle of last year According to our 28Hse website Over 570 units sold No more stock left It has a lot to do with the property’s earlier price split. When Yanghai launches in 2021 Property prices haven’t started to fall yet The first batch of prices per square foot reached 30,880 yuan Once set a new high for MTR superstructure projects It costs more than 10 million to buy a one-bedroom unit As property prices fall in the market The project was launched in November last year Huge price cut of more than 20% Take a 3-bedroom apartment with 749 square feet as an example The original property price was approximately 28.8 million It was later reduced to 22.19 million The price per square foot fell to 29,636 yuan A reduction of 23% But before Blue Coast makes an offer, Yanghai recorded 10 tart order cases in a row Some units are resold at a discount of nearly 10% The viewing and listing is located on the upper floor of Tower 1A Useable area: 751 square feet 3 bedrooms and 1 apartment 3 rooms for Yanghai’s “admission version” The owner rents and sells at the same time Asking price 26.28 million yuan Price per square foot 34,993 yuan Upon entering the unit It can be seen that the living room has a long opening To my left is the kitchen So the dining room will be where I'm standing right now This is enough to order a set of top-to-ceiling lockers And a dining table for 4 to 6 people Then come over here, which is conveniently the living room. Because electrical sockets have been reserved on both walls Therefore, sofas and TV cabinets can also be arranged flexibly. The living room is 3 meters wide Have a comfortable TV viewing distance The whole hall is about 222 square feet Floor height reaches 3.15 meters A 26-square-foot terrace is connected to the end. Slightly larger than the average 22 square feet Open in long shape Sufficient for drying clothes Unit faces northeast Looking out to the left Site surrounded by green shed net It’s the 3rd issue of Blue Coast On the right is the first phase of Jinhuan The mountain view can be seen from the middle of the two properties. However, after the construction of Phase 5 and Phase 6 ahead is completed, Will block part of the view In addition to the changes in the landscape Noise and dust generated during construction Buyers should also take note Come over to the kitchen for a tour No one has lived in the building since it was taken over Just like a new building The kitchen is in a long shape Created an L-shaped work surface Visible embedded double zinc basin And after placing an open flame cooking stove or induction cooker There is still plenty of room for meal preparation Equipped with a range of Gaggenau appliances Includes double-door refrigerator and range hood Steam ovens, cooking stoves and washers and dryers There are also kitchen cabinets on the upper and lower sides Ample storage capacity Next, I will visit the dormitory area with you. 3 bedrooms are in the same direction as the living room run through the corridor Visit the living room first Approximately 49 square feet Enough for a single bed and wardrobe The most common ways to arrange furniture Just put the bed horizontally in front of the window Because there is a living window here If you want to open and close the windows on weekdays It might be inconvenient to climb into bed This bedroom is 2.2 meters long and 2.1 meters wide There is enough space if you want to put it directly on the bed However, the wardrobe should be placed close to the window in disguise. Chance to block light Turn around and visit adjacent rooms Also about 49 square feet This bedroom is similar in size to the previous guest room It is estimated that a single bed and wardrobe can be placed If you want to place a desk There may only be room for a small desk here Like the living room, this bedroom faces the northeast. At present, mountain views and building views are also mainly used. Opposite the two guest rooms is the guest toilet The space is not small built into bathtub The packaging tape is still on top of the toilet The mirror cabinet above also has a lot of storage space But there are no windows for ventilation At the end of the corridor is the master room When you come in, you will see the toilet first. Because there is a toilet So it can be seen that this wall is slightly protruding. form the concave position here Best for built-in wardrobes Come over here and you will see the working platform. Because it is necessary to reserve an entrance and exit channel So in terms of laying out the bed location There will be some limitations The bed should be placed in this direction This bedroom is approximately 91 square feet Equipped with floor-to-ceiling glass curtain wall One bedroom in the house closest to Blue Coast It is expected that after the property is completed Have the opportunity to "Wanglou" There is also a 16-square-foot work platform connected to the Not much space However, the view is the most open in the whole house. to the northwest In front is the church and rehabilitation center is a shorter building And you can see the Aberdeen Strait between the buildings. The layout of the ensuite toilet is basically the same as that of the guest toilet Same as bathtub design It’s just a “light toilet” The owner bought the unit in September 2021 for approximately 27.35 million Even though it was sold for about 26.28 million yuan, There will also be a loss of 1.07 million or 4%. However, it was less than the 23% decline of the market during the same period. in fact Yanghai is located in a major new project supply center It’s not easy for second-hand property owners to break out A new project in the same area, Blue Coast The developer previously revealed that the cost per square foot is approximately 28,000. Soft sales continued for days It is unknown whether there will be any surprises in the first batch of prices per square foot. another competitor It is the first-hand surplus of the real estate itself. Sitting facing 3-bedroom units of similar size After deducting all discounts and rebates The discounted property price of the remaining first-hand goods is approximately 22.13 million. 1.5% lower than the asking price Owner's asking price To some extent, it reflects that they are not very eager to sell. one of the reasons It also has something to do with the active rental market in the area. In fact, there are not many rental properties on the current market. Because generally speaking The rent on the market has increased approximately So for the owners They feel that they don’t have to sell it. Renting is also possible Although rental properties are available, But the return rate is lower than the market level Based on the unit rental price of 38,000 yuan After deducting management fees It is estimated that owners can enjoy a rental return rate of 1.4% If the new buyer buys the unit at the asking price The return rate slightly increased to 1.5% However, it is still lower than the market level Buyer's budget Properties worth 30 million or less Without mortgage insurance, we can undertake a mortgage of up to 70% Buy units at asking price The initial expenditure is approximately 7.88 million Monthly payment is about 89,000 yuan The monthly income requirement is about 178,000 yuan A housing estate built on top of a subway station There is a passage at the exit of Yanghai Platform Connected to MTR stations and shopping malls Departing from Wong Chuk Hang Station 2 stops to Admiralty 3 stops to Central Less than 15 minutes drive Suitable for office workers on Hong Kong Island Bus stops near the property There are also buses that can go to Kowloon But not many route options It is believed that residents mainly rely on the MTR For motorists Yanghai has 96 parking spaces Take 600 guys On average, every six households compete for one The ratio of parking spaces is not high The developer sold some parking spaces earlier Price exceeds 3 million The listings in this episode do not include parking spaces for sale or rent. If necessary The parking space rental listing on the market is priced at 8,000 yuan. The rent level is also quite amazing Don't mind walking for most minutes Just past the Jumbo Court car park at Welfare Road There are also parking spaces for rent. The monthly rent is about more than 2,000 yuan Purchase Wong Chuk Hang Station Phase 3 There is a shopping mall at the base of Blue Coast THE SOUTHSIDE opened in December last year Covering an area of approximately 510,000 square feet However, most stores are not open yet The day of shooting Mainly just chain restaurants There is news that there will be supermarkets in the future If you want to buy fresh ingredients now You need to take a bus to Li Tung Village There are shops selling daily necessities in the shopping mall here The market also sells fresh fruits, vegetables, meat, etc. Recreational facilities Yanghai Club has an outdoor swimming pool. Fitness room, yoga room, indoor children's playground, etc. Take the 3-bedroom listing in today’s episode as an example The monthly management fee is about 5,000 yuan About 6.6 yuan per square foot The second listing is in the Jumbo Pavilion parking lot mentioned just now. Next to No. 9 Shenwan Walk from Wong Chuk Hang Station It takes about 5 or 6 minutes to arrive Enjoy the same facilities as Yanghai However, the supply of parking spaces in the project is more abundant than that in Yanghai. There are 431 in total The ratio is made to more than 1:1 The monthly rent is about 4,500 yuan Cheaper than Yanghai The project has its own indoor and outdoor swimming pools Fitness room, yoga room, billiard room, etc. The management fee is about 4.6 per square foot There are 6 blocks in total at No. 9 Shenwan There are 11 3-storey garden house units at the base On the upper side is the main layered unit The two highest floors are duplex units. The property is jointly developed by Sino, K. Wah and Nan Fung There are 411 groups in total Covers 1- to 4-room partitions Joined in 2012 The building is about 12 years old Just like No. 9 Shenwan, for example It will be different from the south coast of Hong Kong Island (above Wong Chuk Hang Station) If the guests of Shenwan No. 9 They will pursue landscape or a sense of space more On the south coast of Hong Kong Island Will pay more attention to the convenience of supporting facilities Because it is on top of a subway station and a shopping mall Therefore, the customer sources of the two will be somewhat different. The household at No. 9 Shenwan faces north to south. Even if not every bedroom At least the living room of each unit You can also enjoy the view of the yacht club and the Aberdeen Strait. Go upstairs and have a look immediately The listing is for 1 bedroom with a usable area of 596 square feet. Divided into two floors Formal duplex 1 room partition Unique to the region The owner is selling and renting at the same time Not connected to parking space Asking price 19.5 million yuan Price per square foot 32,718 yuan The basement floor is the living room and kitchen If it is a common way to arrange furniture Because there is an antenna socket here So there will be a TV cabinet here Then place the sofa here The space in the front can be used to place a dining table But if it were me Opportunity to adjust the location of the dining room Because if you put the sofa here You can also enjoy the view of the yacht club while sitting here on weekdays. The beautiful scenery will not be wasted Nearly 600 square feet Mark out a room partition The living area alone is about 200 square feet. Comparable to ordinary 2-bedroom units There are many opening designs throughout the house Similar to the current new building For example, the floor height is also more than 3 meters There are also terraces, working platforms, etc. There is a 22-square-foot terrace outside this floor. Irregular shape I want to place a drying device here You need to measure the size clearly The property faces the yacht club. So developers take advantage of this Twist the openings of all units this way The duplex unit we are currently in is no exception The entire Shenwan Yacht Club can be seen As the weather was good on the day of shooting A wider view You can see the South Bay and Sham Wan Hin on Ap Lei Chau across from the distance. come back indoors There is also a kitchen on this floor Come in and take a look together The kitchen is designed for the Terrier chef After entering, you can see the long opening Here we maintain the first-hand original A lot of kitchen cabinets have been built on both sides and some intervals Provides a lot of storage capacity Kitchen cabinets and worktops are mainly white Create a stylish feel The original design already had basic appliances installed Including electric cooking stoves and steam ovens Range hood and refrigerator Among them, the washer and dryer was replaced Different from the brand provided by the developer The bathroom is not on this floor If you want to go to the toilet I'm going to the next level I think this is a little inconvenient Now let’s go up with everyone and take a look The level you came up to For bedrooms and bathrooms If calculated based on the current antennas and electrical sockets Double bed can be placed here You can place more bedside tables next to each other As for the wardrobe, it can be placed on the wall next to the bathroom Want to watch TV but need it There is an antenna socket here Wall-mounted TV can be installed This layer is basically the same size as the layer below It also has about 200 square feet including the bathroom. But be careful The wall at the end may be to accommodate the shape of the building not a horizontal line Therefore, furniture cannot be placed against this wall. In addition, a channel should be reserved for entering and exiting the work platform. Work platform is approximately 16 square feet Irregular shape like a terrace Also looking out at the yacht club scene Even if you stay in the sleeping area, you can still enjoy the beautiful scenery The bathroom is separated by a frosted glass sliding door Although the sliding door design can save space But buyers who value privacy You may want to consider retrofitting the sliding door with other materials The toilet remains original. After coming in, I thought it was similar to hotel-style design. Now we have a bathtub built However, there is a rain shower above You can even take a shower standing up As for storage capacity In addition to the mirror cabinet Open the wash basin cabinet below Also has a lot of storage capacity There is no window ventilation in the bathroom Mainly dark colors Much larger than ordinary 1-bedroom units If you don’t like the current decoration arrange again You can even add a small tank The owner purchased the unit in 2011 for approximately 14.18 million If successfully sold at the asking price Holding stock for 13 years The book profit is 5.32 million yuan or 37% Underperforming the market’s 68% increase over the same period However, the unit must be sold under the current market conditions There is a chance that profit margins will eventually narrow again Even loss Because the bank’s valuation only reached 13.39 million yuan Even lower than the owner’s purchase price of 790,000 or 5% Therefore, in addition to selling The owner also rents the unit Based on the rental price of 36,000 yuan After deducting management fees Enjoy 2.8% return rate Close to the market level If a new buyer purchases unit investment at the asking price Returns below market level down to about 2 centimeters Buy to live in Based on the asking price Borrow 70% mortgage The down payment is about 5.85 million yuan Monthly payment is about 66,000 yuan The monthly income requirement is about 132,000 yuan The roof of the current Wong Chuk Hang Station There are still two phases yet to be launched Involving about 1,800 households With endless supply Everyone thinks that Cheung Kong’s Blue Coast What level of property prices will be offered? 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