2025-06-20 Squarefoot Editor
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- The Coast Line I Records First Rental Deal
The Coast Line I in Yau Tong, developed by CK Asset (1113), has recently begun occupancy, with its first recorded rental transaction now finalised. A one-bedroom unit has been leased for HK$15,000 per month, equating to HK$54 per square foot. Based on this rental income, the landlord is expected to achieve a yield of over 4.1%.
According to Centaline Property, the rented unit is located on a high floor, Unit F of Block 1, with a saleable area of 277 square feet. It features an open-plan kitchen and faces northeast, offering a panoramic view of the city along with partial sea views.
The unit was listed for two weeks, with the owner initially asking for HK$16,500 per month. After reducing the rent by HK$1,500, it was leased out for HK$15,000. The tenant is reportedly a corporate client from mainland China.
The landlord purchased the unit in August 2023 for HK$4.34 million. Based on the current rental income, the yield is estimated at 4.1%.
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| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |