Man Shing Building #4021742 For Sale Property Detail Page

Kwong Fai Wai, located on Castle Peak Road in Kwai Chung, is an area comprised of early developments over fifty years old. It consists of tenement buildings and apartment buildings surrounding a small park. Inside, there are markets, 24-hour restaurants, supermarkets, home furnishing stores, Bank of China, etc. Life here is already self-contained, and you don't need to go outside to get what you need. There are dozens of bus and minibus routes connecting the area to various districts in Hong Kong Island, Kowloon and the New Territories. It is also only about a ten-minute walk from Kwai Hing MTR station.
To expedite urban redevelopment, following the reduction of compulsory land auction thresholds in 2025, the government has implemented a pilot program for private redevelopment this month. This program allows eligible projects to apply for a free 20% increase in plot ratio, directly incentivizing private developers to join the redevelopment effort. In fact, new properties will be gradually completed in this community and its vicinity.
The target property for sale features multiple windows on one side, offering an open view, quiet and comfortable living environment, and is just one flight of stairs away, making it a high-quality property. Completed in 1968, this six-story building has seen sporadic transactions, making valuation and liquidation easy. Located on the second floor of a tenement building, the price per square foot is only approximately HK$5,500. Now is the perfect time to buy, a quality property not to be missed!
The property currently has three suites and a vacant sale can be discussed to facilitate financing. Based on market valuation, the monthly rent could reach 20,000 or more. Based on the current selling price, the annual return is conservatively estimated at 6.4%.
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Kwong Fai Wai, located on Castle Peak Road in Kwai Chung, is an area comprised of early developments over fifty years old. It consists of tenement buildings and apartment buildings surrounding a small park. Inside, there are markets, 24-hour restaurants, supermarkets, home furnishing stores, Bank of China, etc. Life here is already self-contained, and you don't need to go outside to get what you need. There are dozens of bus and minibus routes connecting the area to various districts in Hong Kon ...