Have rental prices in Tung Chung gone up recently?



ORIGINAL POST
Posted by Tootsnbelle 18 yrs ago
We have just arrived in HK this week and have been frantically looking for flats around Tung Chung as a friend of ours is also moving here in January to CC and we would like to be near them.


We have been quoted prices between 13.5k for an unfurnished split level B apartment in CS, but reading the older threads some peoplehave mentioned getting three bedroom flats for around 8 or 9k. Is the agent trying to take advantage of us, or have the prices sky rocketed recently and this sum is ok?


My husband works in Central so wants to be walking distance to the MTR (which is why we have mainly been focusing on CS), so we haven't really looked at CC because there seems to be an issue of long waits for the shuttle buses to the MTR from there. Is this still an issue?



Would really appreciate the feedback, if any.

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COMMENTS
ilovecc 18 yrs ago
Hi, I live in CC and we never have to wait more than 5 mins. for a bus. Yes - buses are a lot more full due to the new residents, but i've heard that the Phase 3 buses will be running soon so that should alleviate the problem.


As for prices, i dont think the prices have 'sky rocketed' - as for 3b/r apartments, in Caribbean Coast they range from between 8-9k (1020sqft.) to 11-13k (12XXsqft.). Not sure about prices at CS.


Anyways, there are loads of agents in the area, shop around to get a feel for prices. Dont be hesitatant to drop your current agent if you feel he/she is taking advantage of you. If you want more info, feel free to PM me.

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Flathunter 18 yrs ago
Went to view apartments last weekend. Saw a number of flats in CS. Wanted 3 bedroom and there are a lot available. One of them has never been lived in. Prices varied from HKD10.5K to 14K, all either A, B, C or D. 14K has converted one of the bedrooms into study area. It was interesting but too expensive compared to others available. La Rossa hits the market this weekend where prices are expected to be 12K so prices in older blocks may drop.

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beersa 18 yrs ago
Could it possible to find flat in Tungchung for $5000-5500 for 2BR?


Thanks.

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dagregado 18 yrs ago
I would like to mention that CC has a shuttle bus from CC that takes you directly to Central (35 minutes) and also to TST (35 minutes) from monday to friday peak hours (TST has saturday service). This makes it very convenient for those living in CC who takes office in Central or TST; they dont need to take the MTR.

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ilovecc 18 yrs ago
Yes you probably could find something for 5-5.5k but it wouldnt be in any of the MTR estates...probably in Yat Tung or Fu Tung estate.

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fakeisum 18 yrs ago
I have a Split Level flat for rent, no commission. Please visit http://www.skyline.album.hk for detail. All photos are there!

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beersa 18 yrs ago
Can get 2BR in CC for $5000?


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annebin 18 yrs ago
fakeisum

I sent you a PM

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fakeisum 18 yrs ago
annebin


I have replied a PM. Pls check.

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Flathunter 18 yrs ago
fakeisum, FYI, I viewed a flat B, Tower 2, split level last weekend for 14K. Fully furnished but with dining room extended by knocking down a bedroom wall to make a study area. IMHO your asking price is not very competitive.

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fakeisum 18 yrs ago
to Flathunter,


14K is reasonable for Split Level. You can visit centalist.com to check transcation record.


The flat you viewed is not a real 3 bed-rooms. As I didn't knock down any bedroom, the $ should be higher then a 2 bed-rooms one.


Honesty, Split Level flat is mainly target to those who are looking quality living. For price concern tenants, there are still many choices for them. But if you can pay a little bit more, why don't choose a better one?


My previous tenant is a vice-CEO of a very famous local company. He wants to give his child a bigger living environment, so he choose Split Level rather then a normal 3-bedroom flat at last.

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ilovecc 18 yrs ago
No way to get a 2BR for under 6.5k in Caribbean Coast or any of the other better estates.

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beersa 18 yrs ago
ilovecc,


please PM me your advise on finding a flat in TC for abt $5000-5500.


Thanks.


Cheers,

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Tootsnbelle 18 yrs ago
Thanks for the info guys, it has been really appreciated. We have decided to take the B apartment in CS, we talked them down to 13k, this seemed reasonable after looking around some more at similar properties. Thanks again guys.

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fakeisum 18 yrs ago
to Tootsnbelle


I sent you a PM.

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beersa 18 yrs ago
fakeisum,


please PM me your advise on finding a flat in TC for abt $5000-5500.


Thanks.


Cheers,

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fakeisum 18 yrs ago
to beersa,


It is impossible to find a 2BR flat for $5500. 1BR is still possible in CS.

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annebin 18 yrs ago
fakeisum


replied to your PM

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Flathunter 18 yrs ago
Tootsnbelle - FYI, I viewed a 3br in Block 6 flat A in Coastal Skyline yesterday. Landlord reduced from 10.3K to 9.5K. Also viewed new flats in La Rossa. Agent said that rental flats will be ready in 2 months for moving into. If you want our agents contact details then send me a PM.

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scottsue 18 yrs ago
Dear Flathunter what did La Rossa look like? Were they good sizes? How much would these be going for do you think. We arrive mid August so they probably will not be ready by then. Why did you prefer Coastal Skyline to the other developments?



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Flathunter 18 yrs ago
Scottsue, 3br in La Rossa are between 1,000 and 1,183 in size. Rental will be approx. 12K. Buyers are being offered 80K to spend on furniture so that they can rent it out straight away. La Rossa would be good value since everything will be brand-new and the flats have a balcony. Only problem could be that HK owners will still renovate brand-new apartments so could be noisy for first 6 months. Also there are 4 power sockets in the kitchen but they are all positioned together. Rejected CC due to dogs allowed. CS is next to the shopping mall & MTR. No shuttle bus required.

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Tootsnbelle 18 yrs ago
Flathunter,


Thanks for the information, and I was having some doubts about the price, but hubby says that we are getting more space in Block 2, B flat, and in any case, we have already signed the lease! I shall just have to not worry about it now. It's a bit like buying a dress then finding it on sale the next day...

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annebin 18 yrs ago
Hi Toots


Is the unit furnished? Saw some split-level units and really like the lay-out, but we don't want to spend more than 12k for a semi-furnished 3-br unit..


Were you happy with your agent? Can you kindly PM me his/her contact deets. Thanks

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annebin 18 yrs ago
You guys reckon the rental rates in CC and other buildings will go down now that they are actively marketing La rossa?

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Tootsnbelle 18 yrs ago
annebin, I have PM'd you.

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nuttall 18 yrs ago
Why not look at Park Island, ferry to IFC, close to Tung Chung (bus right to Cathay City and airport) Good rentals.

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Flathunter 18 yrs ago
Too many dogs at Park Island. That is the main reason my wife doesn't consider PI or CC.

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seanie 17 yrs ago
I am looking for an apartment for rent in tung chung cresent, 3 bedroom, furnished

thanks

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pvasiya 17 yrs ago
i am also looking for an apartment for rent in CC, 3 bedrooms, furnished/unfurished doesn't matter...any chance to get it for aroun 9.5-10K. Thanks,

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