Cheong Wah Building: score, psf band and negotiating room
The Pactum Estate Score for Cheong Wah Building (Tsuen Wan) across five pillars — liquidity, net yield, commute, building age and developer — with every underlying figure and its source shown.
Cheong Wah Building is a private residential estate in Tsuen Wan, Hong Kong, with 193 flats completed 1973. Saleable prices run HK$9,873–HK$12,077 per sq ft, management fee is HK$3 per sq ft, gross rental yield is about 4.3% and roughly 4.7% of flats change hands each year.
- Total units
- 193
- Annual turnover
- 4.7%
- Completed
- 1973–1973
- Management fee
- HK$2.7/sq ft
- Gross yield
- 4.3%
- Net yield
- 3.62%
Cheong Wah Building sits in Tsuen Wan with about 193 units completed 1973–1973. Roughly 4.7% of its stock changes hands each year, the weighted commute to the main employment hubs is about 36 minutes, and the net rental yield after management fee, rates and a vacancy allowance works out at 3.62%.
The five pillars
The closer to the outer ring, the stronger. High liquidity means easy entry and exit; high yield means rent supports the price; short commute, younger stock and a solid developer hold value better.
- Liquidity
- 38/100
- Yield
- 100/100
- Commute
- 49/100
- Age
- 4/100
- Developer
- 76/100
More trades means more comparables, and harder evidence at the table.
What you keep after management fees, rates and vacancy.
Door-to-door time, weighted across the hubs you selected.
Drives bank valuation, mortgage tenor and maintenance levies.
Management quality explains long-run price gaps within a district.
Where do you actually work?
Actual flat sizes
These are the real saleable areas quoted on the estate's own portal pages — no guessing needed. Pick a size and the value range, negotiation room and monthly rent below all follow it.
Sizes in this estate: 343–482 ft²
| Layout | Saleable area | Est. price | Est. monthly rent |
|---|---|---|---|
| 1-bed | 343 ft² | HK$3.32M | HK$13,034 |
| 2-bed | 343 ft² | HK$3.32M | HK$13,034 |
| 3-bed | 395 ft² | HK$3.83M | HK$15,010 |
| 3-bed | 414 ft² | HK$4.01M | HK$15,732 |
| 3-bed | 463 ft² | HK$4.48M | HK$17,594 |
| 2-bed | 482 ft² | HK$4.67M | HK$18,316 |
Sizes and rents are crawled daily from the Centanet, Midland and 28Hse estate pages; confirm final figures with a licensed agent.
Price band
Enter saleable area and floor to get this estate's transacted price band and what a negotiation is worth.
| Reduction | Saved | Net of our fee |
|---|---|---|
| 3% | HK$120,300 | HK$60,150 |
| 5% | HK$200,500 | HK$100,250 |
| 8% | HK$320,800 | HK$160,400 |
Saved = band midpoint × reduction; net = saved ÷ 2. Real room depends on the seller's position, the bank valuation and same-period comparables.
The negotiating read
Transactions are steady but not constant, so a stale listing and a seller with a deadline are where the discount actually appears. At 53 years old, bank valuation and mortgage tenor also come into play, and a valuation shortfall is a legitimate lever on price.
Where these figures come from
Each figure below links to the public page it was read from, so you can check it.
| Source | Saleable psf range | Average psf | Recent deals |
|---|---|---|---|
| 美聯物業 Midland | HK$9,854–HK$11,704 | HK$10,829 | 1 |
| 28Hse 千居 | HK$9,854–HK$11,662 | HK$9,854 | 2 |
| 中原地產 Centanet | HK$9,873–HK$12,077 | — | 0 |
Sourced from public pages on the listing portals for comparison only. What any individual flat trades at still depends on aspect, floor, condition and the seller's position.
Data as at August 2026, based on published official and market sources. Price bands are indicative comparisons, not valuations.
Rental levels
Taken from the live rental listings on the major portals — the check on yield, and on how easily the flat lets.
The whole-estate average the portals publish, across all layouts.
Is the asking price fair?
We value each listing against this estate's own reported deals, weighting recent deals more heavily and adjusting for deal date, saleable area, floor level and block, and show the price we would negotiate towards. Where deals are too thin, we fall back to the live asking distribution — the method used is stated below the table.
Every listing is currently asking above our estimate — which is exactly when negotiation pays.
| Unit | Type | Saleable area | Asking | Estimated value | Gap to asking | Read | Source |
|---|---|---|---|---|---|---|---|
| 昌華大廈 | For rent | 343 ft² | HK$9,800 | HK$12,122 – HK$13,946 | -25% | Below market | 28Hse 千居 · View |
| A座 | For rent | 414 ft² | HK$16,500 | HK$14,631 – HK$16,833 | +5% | In line | 中原地產 Centanet · View |
| A座 | For sale | 395 ft² | HK$3.90M | HK$2.76M – HK$4.61M | +6% | Above market | 中原地產 Centanet · View |
| B座 | For rent | 343 ft² | HK$15,000 | HK$12,122 – HK$13,946 | +15% | Well above market | 中原地產 Centanet · View |
| B座 | For sale | 395 ft² | HK$4.50M | HK$2.76M – HK$4.61M | +22% | Well above market | 中原地產 Centanet · View |
| A座 | For sale | 482 ft² | HK$5.50M | HK$3.37M – HK$5.62M | +22% | Well above market | 中原地產 Centanet · View |
| 昌華大廈 | For sale | 343 ft² | HK$4.00M | HK$2.40M – HK$4.00M | +25% | Well above market | 28Hse 千居 · View |
| A座 | For sale | 414 ft² | HK$5.00M | HK$2.90M – HK$4.83M | +29% | Well above market | 中原地產 Centanet · View |
Listings last confirmed on the portals on 1 Nov 2026. Anything sold or withdrawn drops off automatically, and a listing whose price and size do not reconcile is not shown.
Method: Live asking distribution · Evidence used: 0 · Confidence: Indicative ｜ ±0%
These are modelled estimates from public deal and listing data — not a valuation report, and no substitute for a bank valuation or a licensed valuer.
Reported deals
Our own accumulating ledger of reported deals — the evidence behind every estimate and every negotiation. Crawled daily and never overwritten.
| Date | Unit | Saleable area | Price | Saleable psf |
|---|---|---|---|---|
| 2026-10-09 | 昌華大廈 十六樓 B5室 | 343 ft² | HK$3.38M | HK$9,854 |
| 2026-10-09 | 昌華大廈 2房 | 343 ft² | HK$3.38M | HK$9,854 |
| 2026-10-08 | B座 15 B5室 | 343 ft² | HK$3.38M | HK$9,854 |
| 2026-09-09 | 昌華大廈 3房 | 395 ft² | HK$3.38M | HK$8,557 |
| 2026-08-14 | 昌華大廈 2房 | 343 ft² | HK$1.90M | — |
| 2026-08-14 | 昌華大廈 二十樓 B5室 | 343 ft² | HK$1.90M | — |
| 2026-06-18 | 昌華大廈 十三樓 A2室 | 414 ft² | HK$5.20M | HK$12,560 |
| 2026-06-18 | 昌華大廈 | — | HK$5.20M | — |
| 2026-06-17 | A座 12 A2室 | 414 ft² | HK$5.20M | HK$12,560 |
| 2026-06-16 | 昌華大廈 | — | HK$3.18M | — |
| 2026-06-16 | 昌華大廈 十二樓 B6室 | 343 ft² | HK$3.18M | HK$9,271 |
| 2026-06-15 | B座 11 B6室 | 343 ft² | HK$3.18M | HK$9,271 |
| 2026-06-03 | 昌華大廈 | — | HK$3.45M | — |
| 2026-06-03 | 昌華大廈 十五樓 B6室 | 343 ft² | HK$3.45M | HK$10,058 |
| 2026-06-02 | B座 14 B6室 | 343 ft² | HK$3.45M | HK$10,058 |
| 2026-05-27 | 昌華大廈 四樓 B6室 | 343 ft² | HK$3.36M | HK$9,796 |
| 2026-05-27 | 昌華大廈 2房 | 343 ft² | HK$3.36M | HK$9,796 |
| 2026-05-26 | B座 3 B6室 | 343 ft² | HK$3.36M | HK$9,796 |
| 2026-03-11 | 昌華大廈 3房 | 414 ft² | HK$1.50M | — |
| 2026-03-03 | 昌華大廈 | 463 ft² | HK$4.38M | HK$9,460 |
| 2026-03-03 | 昌華大廈 六樓 B2室 | 463 ft² | HK$4.38M | HK$9,460 |
| 2026-03-02 | B座 5 B2室 | 463 ft² | HK$4.38M | HK$9,460 |
| 2026-01-02 | 昌華大廈 十一樓 B5室 | 343 ft² | HK$4.00M | HK$11,662 |
| 2026-01-02 | 昌華大廈 | 440 ft² | HK$4.00M | HK$9,091 |
| 2026-01-01 | B座 10 B5室 | 343 ft² | HK$4.00M | HK$11,662 |
| 2025-12-05 | 昌華大廈 四樓 B6室 | 343 ft² | HK$2.88M | HK$8,397 |
| 2025-12-04 | B座 3 B6室 | 343 ft² | HK$2.88M | HK$8,397 |
| 2025-11-26 | 昌華大廈 十樓 B3室 | 395 ft² | HK$3.99M | HK$10,101 |
| 2025-11-25 | B座 9 B3室 | 395 ft² | HK$3.99M | HK$10,101 |
| 2025-10-19 | B座 8 B3室 | 395 ft² | HK$3.99M | HK$10,101 |
Listings are crawled daily from the public pages of each agency portal; price, area and availability are as published by that portal and its licensed agents. Pactum Advisor is not an estate agency.
Frequently asked questions
Every answer below is calculated from Cheong Wah Building's own stored figures and moves with the daily update.
How much is Cheong Wah Building per square foot?
Saleable prices at Cheong Wah Building currently run HK$9,873–HK$12,077 per sq ft, with a mid-point of HK$10,975. The band is rebuilt from reported transactions first, then live asking prices, so it tracks what flats actually close at rather than marketing averages.
What does a flat at Cheong Wah Building cost in total?
A mid-size flat at Cheong Wah Building works out at roughly HK$4.01M at today's band. Enter the exact saleable area and floor in the price-band tool on this page for a figure specific to the unit you are looking at.
What are the latest transactions at Cheong Wah Building?
The most recent reported deal we hold at Cheong Wah Building is from October 2026; the transaction table on this page lists the block, floor band, saleable area, price and price per sq ft for each one.
What is the rental yield at Cheong Wah Building?
Gross rental yield is about 4.3%. After the HK$3 per sq ft management fee, rates and normal upkeep, the net yield we calculate is 3.62%, on a median reported rent of about HK$15,200 a month.
How much is the management fee at Cheong Wah Building?
About HK$3 per saleable sq ft per month — roughly HK$1,620 a month for a 600 sq ft flat. Management fee is the largest recurring holding cost after mortgage interest.
How old is Cheong Wah Building?
Cheong Wah Building was completed in 1973, making it around 53 years old. Age matters for mortgage terms and for the maintenance levies an older building can charge.
How many units does Cheong Wah Building have?
193 flats. Around 4.7% of them trade each year, which is what makes comparable evidence available — and that evidence is what a negotiation rests on.
How long does it take to get to Central from Cheong Wah Building?
About 34 minutes door-to-door from Tsuen Wan to Central by public transport. Commute times to Causeway Bay, Tsim Sha Tsui, Kwun Tong and Kai Tak are shown in the commute section on this page.
How much room is there to negotiate at Cheong Wah Building?
It depends on the individual flat, not the estate: we compare the asking price against deals in the same block, floor band and layout. This page shows what a 3%, 5% and 8% reduction is worth in cash at Cheong Wah Building, across the 5 flats currently listed for sale. Our fee is half of the reduction we secure, payable on signing the provisional agreement — no reduction, no fee.
What else do I pay when buying at Cheong Wah Building?
Ad valorem stamp duty, solicitor's fees, agency commission and mortgage-related costs. Every dollar off the agreed price also reduces stamp duty, commission and decades of mortgage interest — see the buying-cost guides linked on this page.
The numbers to settle before buying here
- How to negotiate the price at Cheong Wah Building
- Stamp duty payable when buying at Cheong Wah Building
- Solicitor's fees when buying at Cheong Wah Building
- Cheong Wah Building management fee against the Hong Kong average
- The yearly cost of holding a flat at Cheong Wah Building
- Monthly mortgage payment for Cheong Wah Building
Other estates in Tsuen Wan to compare
Same-district alternatives — compare price per sq ft, size and yield before settling on Cheong Wah Building.
- Cheong Wah Building or Tsuen King Garden?Tsuen King Garden · HK$10,707–HK$14,139 · 3,024
- Cheong Wah Building or New Haven?New Haven · HK$13,925–HK$16,350 · 657
- Cheong Wah Building or Tsuen Wan Plaza?Tsuen Wan Plaza · HK$14,889–HK$16,628 · 480
- Cheong Wah Building or Tsuen Wan Garden?Tsuen Wan Garden · HK$10,909–HK$12,480 · 464
- Cheong Wah Building or Tak Tai Building?Tak Tai Building · HK$10,613–HK$11,206 · 228
- Cheong Wah Building or Tsuen Fung Centre?Tsuen Fung Centre · HK$12,798–HK$14,821 · 216
- Cheong Wah Building or Tsuen Cheong Centre?Tsuen Cheong Centre · HK$10,870–HK$13,608 · 208
- Cheong Wah Building or Fou Wah Centre?Fou Wah Centre · HK$12,564–HK$12,780 · 152
Scores and bands on this page are comparative analysis of published information, not a valuation of any individual flat and not investment advice. Pactum Advisor is not an estate agency and not a licensed valuer; the price a specific flat trades at depends on its aspect, floor, condition and the seller's position.