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(From The Standard)
Byline: Eli Lau
Miramar Hotel and Investment Company said rents for a new batch of 48 serviced units at Pinnacle Apartment in Tsim Sha Tsui will be up to 8 per cent higher than the first batch.
Monthly rents will range from HK$14,000 to HK33,000, or HK$35 per square foot to HK$40 psf. The one-bedroom flats measure 503 sq ft and two-bedroomed are 709 sq ft.
The first batch of 52 apartments is about 90 per cent occupied, vice-president for sales and marketing Uris Fong said. ``We expect to reap a monthly rental income of HK$2 million if all 100 serviced ...