Estate score

Heng Fa Chuen: score, psf band and negotiating room

The Pactum Estate Score for Heng Fa Chuen (Chai Wan) across five pillars — liquidity, net yield, commute, building age and developer — with every underlying figure and its source shown.

Heng Fa Chuen
Chai Wan · Heng Fa Chuen Development/ MTR
Total units
6,504
Annual turnover
4.5%
Completed
1986–1989
Management fee
HK$2.7/sq ft
Gross yield
2.6%
Net yield
2.15%
Pactum Estate Score
58/100
Saleable psf band
HK$13,726–HK$15,183
Mid psf HK$14,455 per sq ft
Indicative transacted band
HK$8.91M – HK$9.85M
Band midpoint HK$9,380,971

Heng Fa Chuen sits in Chai Wan with about 6,504 units completed 1986–1989. Roughly 4.5% of its stock changes hands each year, the weighted commute to the main employment hubs is about 26 minutes, and the net rental yield after management fee, rates and a vacancy allowance works out at 2.15%.

The five pillars

LiquidityYieldCommuteAgeDeveloper
The five factors at a glance

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
56/100
Yield
58/100
Commute
68/100
Age
36/100
Developer
82/100
LiquidityWeight 30% · 56/100

More trades means more comparables, and harder evidence at the table.

Net rental yieldWeight 25% · 58/100

What you keep after management fees, rates and vacancy.

Commute (weighted hubs)Weight 20% · 68/100

Door-to-door time, weighted across the hubs you selected.

Building ageWeight 15% · 36/100

Drives bank valuation, mortgage tenor and maintenance levies.

Developer & managementWeight 10% · 82/100

Management quality explains long-run price gaps within a district.

Where do you actually work?

Central / Admiralty24 min
Causeway Bay / Wan Chai18 min
Tsim Sha Tsui / Kowloon Station32 min
Kwun Tong / Kowloon Bay26 min
Kai Tak / Kowloon City32 min

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: 4531,400 ft²

Est. price at this size
HK$9.38M
Est. monthly rent at this size
HK$26,934
LayoutSaleable areaEst. priceEst. monthly rent
2-bed453 ft² · Gross area 462 ft²HK$6.55MHK$18,800
1-bed473 ft² · Gross area 473 ft²HK$6.84MHK$19,630
3-bed560 ft²HK$8.09MHK$23,240
3-bed649 ft²HK$9.38MHK$26,934
3-bed819 ft² · Gross area 826 ft²HK$11.84MHK$33,989
3-bed1,047 ft²HK$15.13MHK$43,451

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.

Pick a flat size
ReductionSavedNet of our fee
3%HK$281,429HK$140,715
5%HK$469,049HK$234,524
8%HK$750,478HK$375,239

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 37 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.

SourceSaleable psf rangeAverage psfRecent deals
28Hse 千居HK$11,222–HK$16,485HK$13,65610
中原地產 CentanetHK$12,403–HK$19,380HK$14,28011
美聯物業 MidlandHK$14,345–HK$14,794HK$14,49411

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.

Est. monthly rent at this size · 649 ft²
HK$26,934
Rent per saleable sq ft (monthly)
HK$41.5
Estate average monthly rent
HK$20,000/ month

The whole-estate average the portals publish, across all layouts.

2-bed · 453 ft² · HK$18,8001-bed · 473 ft² · HK$19,6303-bed · 560 ft² · HK$23,2403-bed · 649 ft² · HK$26,9343-bed · 819 ft² · HK$33,9893-bed · 1,047 ft² · HK$43,451

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.

For sale: 66For rent: 1155 reported deals held

Best value on the market now: 杏花邨, asking about 34% below our estimate. Ask us what it should actually close at before you make an offer.

UnitTypeSaleable areaAskingEstimated valueGap to askingReadSource
杏花邨For sale603 ft²HK$5.60MHK$7.47M – HK$9.61M-34%Below market中原地產 Centanet · View
杏花邨For sale499 ft²HK$5.60MHK$6.17M – HK$7.94M-21%Below market美聯物業 Midland · View
杏花邨For sale713 ft²HK$9.10MHK$8.88M – HK$11.42M-10%Below market美聯物業 Midland · View
杏花邨For rent649 ft²HK$25,000HK$25,049 – HK$28,819-7%Below market美聯物業 Midland · View
杏花邨For rent499 ft²HK$19,500HK$19,259 – HK$22,159-6%Below market美聯物業 Midland · View
杏花邨For sale614 ft²HK$8.78MHK$7.65M – HK$9.83M+0%In line中原地產 Centanet · View
杏花邨For sale659 ft²HK$9.48MHK$8.21M – HK$10.55M+1%In line美聯物業 Midland · View
杏花邨For sale643 ft²HK$10.60MHK$8.01M – HK$10.30M+16%Well above market美聯物業 Midland · View

Listings last confirmed on the portals on 6 Sept 2026. Anything sold or withdrawn drops off automatically, and a listing whose price and size do not reconcile is not shown.

Method: Transaction comparables · Evidence used: 55 · Confidence: Medium | ±12.5%

Model settings: each deal's influence halves every 6 months; adjusted for size (elasticity 0.00), floor (0.25% per storey) and deal date (-0.43% per month); variation explained 21%.

Negotiation target
HK$8.75M
Potential saving
HK$1.85M
Our fee (half of what we save you)
HK$0.92M

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.

DateUnitSaleable areaPriceSaleable psf
2026-09-04杏花邨 高層 3房560 ft²HK$6.50MHK$11,607
2026-09-03杏花邨 26座 4 2室603 ft²HK$5.60MHK$9,287
2026-09-03杏花邨 記錄 2房499 ft²HK$5.60MHK$11,222
2026-09-0226座 4 2室499 ft²HK$5.60MHK$11,222
2026-08-27杏花邨 記錄 3房643 ft²HK$10.60MHK$16,485
2026-08-27杏花邨 4座 7 7室462 ft²HK$6.00MHK$12,987
2026-08-27杏花邨 29座 11 2室643 ft²HK$10.60MHK$16,485
2026-08-27杏花邨 記錄 2房453 ft²HK$6.00MHK$13,245
2026-08-264座 7 7室453 ft²HK$6.00MHK$13,245
2026-08-2629座 11 2室643 ft²HK$10.60MHK$16,485
2026-08-2629座 19 1室1,047 ft²HK$18.00MHK$17,192
2026-08-21杏花邨 32座 9 6室499 ft²HK$7.08MHK$14,188
2026-08-21杏花邨 15 8室475 ft²HK$6.52MHK$13,726
2026-08-21杏花邨 9 6室499 ft²HK$7.08MHK$14,188
2026-08-21杏花邨 屋苑 大廈 2房475 ft²HK$6.52MHK$13,726
2026-08-21杏花邨 記錄 3房499 ft²HK$7.08MHK$14,188
2026-08-21杏花邨 記錄 2房475 ft²HK$6.52MHK$13,226
2026-08-21杏花邨 屋苑 大廈 3房499 ft²HK$7.08MHK$14,205
2026-08-21杏花邨 13座 15 8室475 ft²HK$6.52MHK$13,726
2026-08-20杏花邨 記錄 3房649 ft²HK$9.95MHK$15,331
2026-08-20杏花邨 屋苑 大廈 3房649 ft²HK$9.95MHK$15,323
2026-08-20杏花邨 38座 19 1室649 ft²HK$9.95MHK$15,331
2026-08-20杏花邨 19 1室649 ft²HK$9.95MHK$15,331
2026-08-2013座 15 8室475 ft²HK$6.52MHK$13,726
2026-08-2032座 9 6室499 ft²HK$7.08MHK$14,188
2026-08-19杏花邨 25座 11 3室499 ft²HK$7.22MHK$14,469
2026-08-19杏花邨 屋苑 大廈 2房499 ft²HK$7.22MHK$14,473
2026-08-19杏花邨 市場成交 2房499 ft²HK$5.60MHK$11,222
2026-08-19杏花邨 11 3室499 ft²HK$7.22MHK$14,469
2026-08-19杏花邨 記錄 2房499 ft²HK$7.22MHK$14,469

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.

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.