Ava 55 in Jordan sold to mainland buyers at a monthly rent of HK$155,000 after just one week of listing. The property, with a usable area of about 257 square feet and one bedroom, was originally offered at HK$163,000 per month. The agent, Song Guoquan, stated that negotiations with the tenant led to a final rent of HK$155,000, equating to a rental rate of approximately HK$60 per square foot.
Another property in Kowloon City, Jordan's Forma Star, secured a rental agreement for HK$1.9 million per month after a single inspection by a financial buyer. This one-bedroom unit, with a usable area of 370 square feet, was initially listed for HK$1.9 million per month. According to property broker Liu Zhi wei, the tenant was impressed by the apartment's facilities and proximity to essential services, allowing for a non-negotiable rental price. The original owner purchased the unit in May 2021 for approximately HK$7.36 million, yielding an annual return of around 3%.
The surge in interest from mainland buyers is evident, as both properties in prime locations in Kowloon City witnessed quick sales and high rental prices. The market trend suggests that mainlanders are increasingly targeting well-maintained properties with complete furnishings, willing to pay top prices for convenience and amenities. In the case of Ava 55, the original owner's return on investment was approximately 4.7%, indicating strong rental potential in the area. Similarly, the owner of Forma Star benefits from a steady 3% annual return, reflecting the robust demand in the rental market.