Ho Man Tin, 5 Victory Avenue

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Hip Shing Hong

Complete on 2022(Occupied)

2 pricelists

for sale | 71 units | for sale 44 |sold 22

discounted unit price

24,522 - 33,630

sold unit price

23,069 - 27,357

Madera Garden developed by Hip Shing Hong. It located at 5 Victory Avenue, Ho Man Tin. It provides 71 units. Area from 286 square feet to 481 square feet which designed into 1-bedroom to 2-bedroom.

max. discount rate 9%

discount rate

Cash Payment Plan (4% discount from the price)

5% of purchase price shall be paid by the Purchaser upon signing of PASP

5% of purchase price shall be paid by the Purchaser within 30 days after signing of PASP

90% of purchase price shall be paid by the Purchaser within 90 days after signing of PASP

Standby First Mortgage Loan Payment Plan(Under HK10 million) (3% discount from the price)

5% of purchase price shall be paid by the Purchaser upon signing of PASP

5% of purchase price shall be paid by the Purchaser within 30 days after signing of PASP

90% of purchase price shall be paid by the Purchaser within 90 days after signing of PASP

Standby First Mortgage Loan Payment Plan( Over HK10 million) (3% discount from the price)

5% of purchase price shall be paid by the Purchaser upon signing of PASP

5% of purchase price shall be paid by the Purchaser within 30 days after signing of PASP

5% of purchase price shall be paid by the Purchaser within 60 days after signing of PASP

85% of purchase price shall be paid by the Purchaser within 90 days after signing of PASP

Stage Payment Plan (2% discount from the price)

5% of purchase price shall be paid by the Purchaser upon signing of PASP

5% of purchase price shall be paid by the Purchaser within 90 days after signing of PASP

90% of purchase price shall be paid by the Purchaser within 14 days after the date on which the Vendor issues notice to complete

Like Facebook/Instagram Benefit (1% discount from the price)

An extra 1% discount from the Price would be offered to the Purchasers as the "Like Facebook/Instagram Benefit"

Stamp Duty Subsidy Benefit (4% discount from the price)

An extra 4% discount from the Price would be offered to the Purchasers as the "Stamp Duty Subsidy Benefit"

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	Date	Area	Dis. Price
lowest price unit for sale Madera Garden 2/F Unit B	--	286ft²	$7.013M
highest price unit for sale Madera Garden 26/F Unit A	--	481ft²	$14.982M
Pricelist No.2A - 37 units	2023-08-21	286 - 481 ft²	$8.367M - $14.982M
Pricelist No.1H - 30 units	2023-08-21	286 - 465 ft²	$6.876M - $13.7M

Madera Garden Floorplan Pricelist Updated date: 2021-07-26

24 units

286 ft² - 417 ft²

for sale 12 sold 11

7.01M - 9.58M

for sale

24 units

465 ft² - 742 ft²

for sale 15 sold 6

11.84M - 14.98M

for sale

23 units

377 ft² - 414 ft²

for sale 17 sold 5

10.71M - 13.92M

for sale

Madera Garden Overall

Madera Garden 29/f

Madera Garden 3/f To 28/f

Madera Garden 7/f To 26/f

Madera Garden 2/f

Developer	Hip Shing Hong
Completion Year	about 2022
Area Information	Area from 286 square feet to 481 square feet which designed into 1-bedroom to 2-bedroom.
Units	71 units
Pri School Net	Related Property School Net 34(Kowloon City District)
Sec School Net	Related Property Kowloon City District(KL3)
Website	Press to open (Brochure) Press to open (New Development Website)
Sales Agreement	Press to open (2021-07-27)

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Price

Years

Interest

Ratio

Estimated repayments
Monthly Repayment	$17,740
Initial payment	$2,810,000
Loan amount	$4,210,000
Total interest	$2,180,000

Estimated upfront cost
Stamp Duty	$210,390
Lawyer fee	$35,032
Agent fee	$70,130
Total	$315,552

*Use Price $7,013,370 / Interest 3% / 30 Years / Ratio 60% to Calculate

Note:
All new homes content, including building information, photos, videos and drawings is inputted and produced by 28Hse editorial department.
The information is for reference only.
For information on property developments, users should refer to official information and materials released by the respective property developers.

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