Sai Wan Ho Les Saisons 3-Bedroom Seaview Flat Rented for HK$34,000/Month, 6% Yield from 2008 Purchase
The rental market remains active, with a three-bedroom sea view apartment at Les Saisons in Sai Wan Ho recently leased to a local tenant for HK$34,000 per month. The rental translates to approximately HK$46.1 per square foot. The original owner purchased the unit during the 2008 financial crisis for around HK$6.5 million, achieving a rental yield of approximately 6.3%.
According to Centaline Property, the rented unit is a low-floor C unit at Block 2 L'Ete. It has a usable area of about 737 square feet and features a 3-bedroom layout with an ensuite. The apartment has a well-defined living and dining area and offers sea views. The landlord initially asked for HK$36,000 per month but settled on HK$34,000 after negotiations, which equates to a rent of around HK$46.1 per square foot.
The original owner bought the unit in December 2008, during the financial crisis, for HK$6.5 million. Based on the current rental income, the unit generates a high rental yield of around 6.3%.