2024-03-02 04:04:48
There are many old buildings in this area, and the aging problem of the buildings is serious. Therefore, the government has been promoting redevelopment plans in the area for many years, including commercial and residential projects. SKYPARK located on Nelson Street is one of them. The Urban Redevelopment Authority implemented the redevelopment plan in 2007 and launched a commercial and residential project tender in 2012. It was eventually developed by New World Investment in cooperation with the Urban Redevelopment Authority. The property was completed and occupied in 2017 and is about 7 years old. There is only one SKYPARK, with a height of 26 floors. The shopping mall from the ground floor to the second floor provides 34 shops.
The Urban Redevelopment Authority implemented the redevelopment plan in 2007 and launched a tender for commercial and residential projects in 2012, which was ultimately developed by New World Investment in cooperation with the Urban Redevelopment Authority. The property was completed and occupied in 2017 and is about 7 years old.
Since there is the famous “Sneaker Street” nearby, there are many shops selling sports shoes and sporting goods. Therefore, in order to retain its characteristics, the mall mainly sells related products, but there are more than 10 restaurants in each mall. But it is still Mong Kok, so you don’t have to worry about where to buy or eat. There are a lot of small shops and restaurants to choose from. From SKYPARK, it takes about 5 minutes and 7 minutes to walk to the large shopping malls Langham Place and MOKO. The residential floors of SKYPARK start from the 5th floor. After taking the elevator dedicated to residents on the ground floor to the guest lobby on the 3rd floor, you have to take the elevators on both sides separately, presumably for diversion purposes. This 20-storey single-building property provides up to 439 units. Among them, open-plan and one-bedroom units account for 90%, and the usable area of standard units ranges from 309 to 592 square feet. There is only one group of three-bedroom apartments, located in Room A1 on the 27th floor, with a usable area of 961 square feet.
The viewing listing is located in Room B1 on the lower floor, with a usable area of 463 square feet. The owner’s current asking price is NT$7.8 million, equivalent to about NT$16,800 per square foot. As soon as you enter, there is an entrance corridor, which hides a washing machine and entrance cabinet. The entire entrance is black inside and out, and any lights will be very dim. Walking in, there is a long straight living and dining room space. The open kitchen has not enough space for food preparation. After installing the zinc plate and double-head induction cooker, there is not much space left. On the contrary, there is more storage and storage space, and there is a microwave combination oven under the induction cooker. The refrigerator is installed in the half-length cabinet opposite the open kitchen. However, the refrigerator is a bit thin and belongs to the hotel mini style. It is barely enough for two people to live in. The half-length cabinet is connected to a long countertop and is equipped with switches and USB slots. It can be used as a dining table or work table.
The viewing listing is located in Room B1 on the lower floor, with a usable area of 463 square feet. The owner’s current asking price is NT$7.8 million, equivalent to about NT$16,800 per square foot.
However, it is precisely because of this set of furniture that the placement of other furniture is limited. The living room is about 100 square feet and 2.6 meters wide, which is about 8.5 feet. The distance between the sofa and the TV is moderate. As for the bottom height of the building, it is 3.225 meters, which is nearly 11 feet. The owner bought this unit first-hand, but has been renting it out since then, so the unit will be a little dilapidated, and the buyer must set aside a sum of money for renovations. The unit faces the east. Looking at the hotel Bihui opposite and the old buildings nearby, they are quite close and the lighting is average. It is best to close the gauze curtains to protect privacy. Assuming that 90% of the mortgage is fully borrowed, the monthly payment will be about 34,800 yuan; and the monthly income will be nearly 73,000 yuan to pass the stress test.
Mong Kok is dominated by old buildings. If you don’t mind the age of the buildings, you can find many two-bedroom options here at lower prices. The second stop was to visit Ming Wai House in Kwong Wa Street. There is only one building. The building was completed in 1981 and is about 43 years old. Because major repairs have been done, it doesn’t look very dilapidated from the outside. It offers over 100 units with salable areas ranging from 355 to 737 square feet. It is close to Ho Man Tin. Compared with SKYPARK, it is quieter down here, but there are also many restaurants and snack bars in the nearby streets. However, it is not in the center of Mong Kok, so it will be farther to and from Mong Kok East Station and Mong Kok Station, taking about 11 minutes and about 9 minutes, but walking to Yau Ma Tei Station is about 9 minutes. Although Mingwei Pavilion has a small number of guests, it is equipped with three lifts, and they are all on “flat ground”, so there is no need to take stairs. After coming up, the corridor is long and narrow, with an old-style design, but it is still bright. There are basically 6 units on one floor here.
Visited a mid-level listing in Mingwei Court with a usable area of 372 square feet. The owner is currently asking for NT$5.08 million, and the price per square foot is about NT$13,600.
Visited a mid-level listing in Mingwei Court with a usable area of 372 square feet. The owner is currently asking for NT$5.08 million, and the price per square foot is about NT$13,600. The layout of the old building is generally square and practical, and the units can be placed as soon as you enter. Although it is less than 400 square feet, it has a full sense of space and a clear layout of the two halls. Even if the owner adds cabinets to make his own entrance, there is still a lot of space to move around and even place a massage chair. In principle, this is a bedroom, but since the owner only lives there, one of the bedrooms was opened up, making the living and dining room an “L” shape layout, which will provide more light. The unit faces the southeast, but it is always located in the urban area and the main view is the building view. It is facing the Guangfa Commercial Center and there is no view at all. However, looking back at the interior, the owner’s residence is quite clean and organized. Coupled with the simple decoration, if you have limited funds, you can move in with just simple repairs.
Further reading:
* SKYPARK
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