A peek into the Sai Wan Hood Property Landscape for Rental and Sale

Residential property prices have been on the rise in the Western District, riding on upbeat sentiment in the rest of the market. With the opening of the MTR HK Island line in Sai Ying Pun, Kennedy Town and HKU we have seen an increment in both rental and sales values. Looking ahead, growth momentum is likely to slow alongside the interest rate hike and increased supply pipeline as a handful of new developments will be established in the Western District.

Some of the more popular residential locations in Western district are Sai Ying Pun and Kennedy Town due to the proximity to the MTR stations. Location, yield, facilities and layout/efficiency are key considerations for both purchasers and those looking to rent properties. The popularity of these neighbourhoods has brought about relatively high rentals in relation to the small floor areas. For some people however, the modern finishes, high end appliances and extensive clubhouse facilities compensate for the smaller floor spaces.

For purchase, The Belcher’s and The Merton are attractive options for would-be home buyers in the secondary market. New launches are also sought after though these would depend on the timing of the launch. Recent new sales developments in the area include Imperial Kennedy and Bohemian House, whilst 97 Belchers provides an attractive modern choice on the rental market.

Bohemian House

Bohemian House