Nam Hong Building: score, psf band and negotiating room
The Pactum Estate Score for Nam Hong Building (Kwun Tong) across five pillars — liquidity, net yield, commute, building age and developer — with every underlying figure and its source shown.
Nam Hong Building is a private residential estate in Kwun Tong, Hong Kong, with 140 flats completed 1976. Saleable prices run HK$9,278–HK$10,103 per sq ft, management fee is HK$3 per sq ft, gross rental yield is about 3.2% and roughly 4.3% of flats change hands each year.
- Total units
- 140
- Annual turnover
- 4.3%
- Completed
- 1976–1976
- Management fee
- HK$2.7/sq ft
- Gross yield
- 3.2%
- Net yield
- 2.58%
Nam Hong Building sits in Kwun Tong with about 140 units completed 1976–1976. Roughly 4.3% of its stock changes hands each year, the weighted commute to the main employment hubs is about 22 minutes, and the net rental yield after management fee, rates and a vacancy allowance works out at 2.58%.
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
- 33/100
- Yield
- 79/100
- Commute
- 77/100
- Age
- 10/100
- 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: 460–1,103 ft²
| Layout | Saleable area | Est. price | Est. monthly rent |
|---|---|---|---|
| 1-bed | 460 ft² | HK$4.87M | HK$14,720 |
| 2-bed | 460 ft² · Gross area 569 ft² | HK$4.87M | HK$14,720 |
| 2-bed | 630 ft² · Gross area 782 ft² | HK$6.67M | HK$20,160 |
| 1-bed | 950 ft² | HK$10.05M | HK$30,400 |
| 2-bed | 950 ft² · Gross area 1,076 ft² | HK$10.05M | HK$30,400 |
| 2-bed | 970 ft² · Gross area 1,103 ft² | HK$10.26M | HK$31,040 |
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$301,587 | HK$150,794 |
| 5% | HK$502,645 | HK$251,323 |
| 8% | HK$804,232 | HK$402,116 |
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 50 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 |
|---|---|---|---|
| 28Hse 千居 | — | — | 0 |
| 中原地產 Centanet | HK$8,278–HK$10,820 | HK$9,500 | 20 |
| 美聯物業 Midland | HK$8,650–HK$8,650 | HK$8,660 | 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 |
|---|---|---|---|---|---|---|---|
| A座 | For rent | 970 ft² | HK$32,000 | HK$28,867 – HK$33,213 | +3% | In line | 中原地產 Centanet · View |
| B座 | For sale | 950 ft² | HK$9.00M | HK$6.39M – HK$10.66M | +6% | Above market | 中原地產 Centanet · View |
| A座 | For sale | 970 ft² | HK$9.50M | HK$6.48M – HK$10.80M | +10% | Above market | 中原地產 Centanet · View |
| C座 | For rent | 460 ft² | HK$32,000 | HK$13,690 – HK$15,750 | Under review | — | 中原地產 Centanet · View |
Listings last confirmed on the portals on 22 Oct 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 |
|---|---|---|---|---|
| 2026-07-03 | 南康大厦 N/A A | 970 ft² | HK$8.40M | HK$8,660 |
| 2026-07-03 | 南康大廈 B座 11 B2 | 970 ft² | HK$8.40M | HK$8,660 |
| 2026-07-02 | B座 11 2室 | 970 ft² | HK$8.40M | HK$8,660 |
| 2026-07-02 | B座 11樓 2室 | 970 ft² | HK$8.40M | HK$8,660 |
| 2026-03-04 | 南康大厦 N/A B | 1,103 ft² | HK$3.80M | — |
| 2026-01-16 | 南康大廈 B座 6 B1 | 950 ft² | HK$8.08M | HK$8,505 |
| 2026-01-16 | 南康大厦 N/A C | — | HK$8.08M | — |
| 2026-01-15 | B座 6樓 1室 | 950 ft² | HK$8.08M | HK$8,505 |
| 2026-01-15 | B座 6 1室 | 950 ft² | HK$8.08M | HK$8,505 |
| 2025-09-10 | 南康大厦 N/A D | 460 ft² | HK$5.90M | HK$12,826 |
| 2025-09-10 | 南康大廈 C座 21 C2 | 460 ft² | HK$5.90M | HK$12,826 |
| 2025-09-09 | C座 21樓 2室 | 460 ft² | HK$5.90M | HK$12,826 |
| 2025-09-09 | C座 21 2室 | 460 ft² | HK$5.90M | HK$12,826 |
| 2025-08-15 | 南康大厦 N/A E | 460 ft² | HK$4.30M | HK$9,348 |
| 2025-08-15 | 南康大廈 C座 4 C1 | 460 ft² | HK$4.30M | HK$9,348 |
| 2025-08-14 | C座 4 1室 | 460 ft² | HK$4.30M | HK$9,348 |
| 2025-08-14 | C座 4樓 1室 | 460 ft² | HK$4.30M | HK$9,348 |
| 2025-04-17 | 南康大厦 N/A F | 460 ft² | HK$3.80M | HK$8,261 |
| 2025-04-17 | 南康大廈 C座 9 C1 | 460 ft² | HK$3.80M | HK$8,261 |
| 2025-04-16 | C座 9樓 1室 | 460 ft² | HK$3.80M | HK$8,261 |
| 2025-04-16 | C座 9 1室 | 460 ft² | HK$3.80M | HK$8,261 |
| 2025-01-24 | 南康大廈 A座 21 A2 | 950 ft² | HK$11.00M | HK$11,579 |
| 2025-01-23 | A座 21 2室 | 950 ft² | HK$11.00M | HK$11,579 |
| 2025-01-23 | A座 21樓 2室 | 950 ft² | HK$11.00M | HK$11,579 |
| 2025-01-01 | A座 高層 A | 970 ft² | HK$11.00M | HK$11,340 |
| 2024-08-27 | 南康大廈 B座 19 B1 | 950 ft² | HK$8.50M | HK$8,947 |
| 2024-07-09 | 南康大廈 C座 12 C3 | 630 ft² | HK$5.35M | HK$8,492 |
| 2023-01-01 | A座 高層 C | 970 ft² | HK$11.80M | HK$12,165 |
| 2022-01-01 | A座 高層 D | 950 ft² | HK$10.89M | HK$11,463 |
| 2022-01-01 | A座 高層 B | 970 ft² | HK$10.00M | HK$10,309 |
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 Nam Hong Building's own stored figures and moves with the daily update.
How much is Nam Hong Building per square foot?
Saleable prices at Nam Hong Building currently run HK$9,278–HK$10,103 per sq ft, with a mid-point of HK$9,691. 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 Nam Hong Building cost in total?
A mid-size flat at Nam Hong Building works out at roughly HK$10.05M 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 Nam Hong Building?
The most recent reported deal we hold at Nam Hong Building is from July 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 Nam Hong Building?
Gross rental yield is about 3.2%. After the HK$3 per sq ft management fee, rates and normal upkeep, the net yield we calculate is 2.58%, on a median reported rent of about HK$31,000 a month.
How much is the management fee at Nam Hong 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 Nam Hong Building?
Nam Hong Building was completed in 1976, making it around 50 years old. Age matters for mortgage terms and for the maintenance levies an older building can charge.
How many units does Nam Hong Building have?
140 flats. Around 4.3% 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 Nam Hong Building?
About 28 minutes door-to-door from Kwun Tong 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 Nam Hong 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 Nam Hong Building, across the 2 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 Nam Hong 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 Nam Hong Building
- Stamp duty payable when buying at Nam Hong Building
- Solicitor's fees when buying at Nam Hong Building
- Nam Hong Building management fee against the Hong Kong average
- The yearly cost of holding a flat at Nam Hong Building
- Monthly mortgage payment for Nam Hong Building
Other estates in Kwun Tong to compare
Same-district alternatives — compare price per sq ft, size and yield before settling on Nam Hong Building.
- Nam Hong Building or Tsui Ping (North) Estate?Tsui Ping (North) Estate · HK$5,679–HK$6,620 · 6,460
- Nam Hong Building or Hiu Lai Court?Hiu Lai Court · HK$9,106–HK$9,780 · 4,864
- Nam Hong Building or Cheung Wo Court?Cheung Wo Court · HK$9,672–HK$10,905 · 1,584
- Nam Hong Building or Shun Chi Court?Shun Chi Court · HK$7,500–HK$9,107 · 1,539
- Nam Hong Building or Yue Man Centre?Yue Man Centre · HK$11,076–HK$13,457 · 594
- Nam Hong Building or Connie Towers?Connie Towers · HK$8,736–HK$12,195 · 480
- Nam Hong Building or Hopewell House?Hopewell House · HK$7,434–HK$9,931 · 400
- Nam Hong Building or Park Metropolitan?Park Metropolitan · HK$14,626–HK$17,327 · 299
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.