Home Southern District SOUTH BAY PALACE TOWER 2

TOWER II 3/F C

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Floor

2/F A 1,947 ft² 2/F C 1,505 ft² 3/F A 1,947 ft² 3/F B 1,273 ft² 5/F C 1,505 ft² 6/F A 1,947 ft² 6/F B 1,273 ft² 6/F C 1,505 ft² 7/F A 1,947 ft² 7/F C 1,505 ft² 8/F A 1,947 ft² 8/F B 2,534 ft² 8/F C 3,136 ft² 9/F A 2,010 ft²

TOWER II

2/F B 1,273 ft² 3/F C 1,505 ft² 5/F A 1,947 ft² 5/F B 1,273 ft² 7/F B 1,273 ft²

Estimate Mortgage & QoL Unit Information Transaction History

Crescira AVM · estimated value ● Medium confidence

HK$33.76M

≈ HK$22,430 / ft² saleable · updated 2026-06-01

Not an offer or formal valuation

Fully appraised HIBOR 1M · 3.9% Prime · 6.125%

At today's rate and a 70% mortgage, the deposit on this unit is about HK$10.13M, with repayments around HK$114,525/mo for the first 5 years.

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Mortgage plan · rate basis

H-plan · HIBOR + 1.30%

5.2% → capped 4.125%

P-plan · P − 2.00%

4.125%

The H-plan's cap is the P-plan rate, so with HIBOR where it is both price at 4.125% today. The H-plan is only cheaper once 1M HIBOR falls below 2.825%.

If rates change · monthly repayment

LTV

Term

▼ 0.50% · 3.625%

HK$107,767

−HK$6,758/mo

▼ 0.25% · 3.875%

HK$111,119

−HK$3,406/mo

Today · 4.125%

HK$114,525

baseline

▲ 0.50% · 4.625%

HK$121,493

+HK$6,968/mo

Deposit HK$10.13M · loan HK$23.63M · min. income ≈ HK$229,050/mo (50% DSR)

Upfront cash ≈ HK$11.56M (deposit + AVD stamp duty HK$1,434,702 · Scale 2, in force from 26 Feb 2026)

QoL Matrix

View full Quality-of-Life page → Government open data

Nearest MTR

Mass Transit Railway Ocean Park Station

≈ 38 min walk · 2,982 m

Education

schools within 1 km (2 within 500 m)

Daily convenience

within 1 km (1 within 500 m)

Health

hospitals/clinics within 1 km

Recreation

parks, libraries, sports within 1 km

Everyday convenience — 4 shopping and daily-needs spots nearby.

Green space & leisure — 6 parks, libraries and sports venues nearby.

Location

Unit Information

Block: TOWER II
Floor: 3/F
Flat: C
Saleable Area: 1,505 Saleable ft²
Gross Area: 2,017 ft²
Efficiency: 75%
District: Southern District · Hong Kong Island
School net (POA): 18

Transaction History

Date	Price	Gain / loss	$/ft²	$/ft² gross
2021-03-29	HK$33.08M	+50.4% 12.9y · 4.0%/yr	HK$21,980	HK$16,401
2008-06-10	HK$22.00M	+29.4%	HK$14,618	HK$10,907
2007-11-02	HK$17.00M	+6.4%	HK$11,296	HK$8,428
2005-03-02	HK$15.98M	+32.1%	HK$10,618	HK$7,923
2001-11-21	HK$12.10M	—	HK$8,040	HK$5,999