The Masterpiece: score, psf band and negotiating room
The Pactum Estate Score for The Masterpiece (Tsim Sha Tsui) across five pillars — liquidity, net yield, commute, building age and developer — with every underlying figure and its source shown.
The Masterpiece is a private residential estate in Tsim Sha Tsui, Hong Kong, with 345 flats completed 2009. Saleable prices run HK$25,490–HK$33,861 per sq ft, management fee is HK$3 per sq ft, gross rental yield is about 2.9% and roughly 2.3% of flats change hands each year.
- Total units
- 345
- Annual turnover
- 2.3%
- Completed
- 2009–2009
- Management fee
- HK$2.8/sq ft
- Gross yield
- 2.9%
- Net yield
- 2.53%
The Masterpiece sits in Tsim Sha Tsui with about 345 units completed 2009–2009. Roughly 2.3% of its stock changes hands each year, the weighted commute to the main employment hubs is about 15 minutes, and the net rental yield after management fee, rates and a vacancy allowance works out at 2.53%.
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
- 19/100
- Yield
- 76/100
- Commute
- 91/100
- Age
- 76/100
- Developer
- 82/100
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: 586–5,260 ft²
| Layout | Saleable area | Est. price | Est. monthly rent |
|---|---|---|---|
| 1-bed | 816 ft² | HK$20.13M | HK$53,040 |
| 2-bed | 939 ft² | HK$23.17M | HK$61,035 |
| 2-bed | 1,039 ft² | HK$25.64M | HK$67,535 |
| 3-bed | 1,139 ft² | HK$28.10M | HK$74,035 |
| 3-bed | 1,466 ft² | HK$36.17M | HK$95,290 |
| 4-bed | 5,260 ft² | HK$129.79M | HK$341,900 |
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$843,128 | HK$421,564 |
| 5% | HK$1,405,213 | HK$702,606 |
| 8% | HK$2,248,340 | HK$1,124,170 |
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
Sales are thin, so asking prices and transacted prices drift apart — this is usually where the widest negotiating room sits.
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 |
|---|---|---|---|
| 中原地產 Centanet | — | — | 0 |
| 美聯物業 Midland | — | HK$25,419 | 0 |
| 28Hse 千居 | — | HK$28,777 | 3 |
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.
No listings captured yet — this refreshes daily.
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 |
|---|---|---|---|---|
| 2026-08-26 | 名鑄 高層 2房 | 939 ft² | HK$33.00M | HK$35,144 |
| 2026-08-26 | 名鑄 兩房 | 939 ft² | HK$33.00M | HK$35,144 |
| 2026-08-26 | 名鑄 註冊處成交 2房 | 939 ft² | HK$33.00M | HK$35,144 |
| 2026-08-25 | 名鑄 46 H | 939 ft² | HK$33.00M | HK$35,144 |
| 2026-08-25 | 名鑄 46 H室 | 939 ft² | HK$33.00M | HK$35,144 |
| 2026-08-21 | 名鑄 42 L室 | 1,133 ft² | HK$28.80M | HK$25,419 |
| 2026-08-21 | 名鑄 42 L | 1,133 ft² | HK$28.80M | HK$25,419 |
| 2026-08-21 | 名鑄 註冊處成交 2房 | 1,133 ft² | HK$28.80M | HK$25,419 |
| 2026-08-21 | 名鑄 兩房 | 1,133 ft² | HK$28.80M | HK$25,419 |
| 2026-08-20 | 名鑄 42 L | 1,133 ft² | HK$28.80M | HK$25,419 |
| 2026-08-20 | 名鑄 42 L室 | 1,133 ft² | HK$28.80M | HK$25,419 |
| 2026-08-11 | 名鑄 51 B | 817 ft² | HK$18.60M | HK$22,766 |
| 2026-08-11 | 名鑄 一房 | 817 ft² | HK$18.60M | HK$22,766 |
| 2026-08-11 | 名鑄 51 B室 | 817 ft² | HK$18.60M | HK$22,766 |
| 2026-08-11 | 名鑄 註冊處成交 1房 | 817 ft² | HK$18.60M | HK$22,766 |
| 2026-08-10 | 名鑄 51 B室 | 817 ft² | HK$18.60M | HK$22,766 |
| 2026-08-10 | 名鑄 51 B | 817 ft² | HK$18.60M | HK$22,766 |
| 2026-06-22 | 名鑄 27 F | 1,139 ft² | HK$27.48M | HK$24,126 |
| 2026-06-22 | 名鑄 註冊處成交 3房 | 1,139 ft² | HK$27.48M | HK$24,126 |
| 2026-06-22 | 名鑄 27 F室 | 1,139 ft² | HK$27.48M | HK$24,126 |
| 2026-06-22 | 名鑄 三房 | 1,139 ft² | HK$27.48M | HK$24,126 |
| 2026-06-21 | 名鑄 27 F | 1,139 ft² | HK$27.48M | HK$24,126 |
| 2026-06-21 | 名鑄 27 F室 | 1,139 ft² | HK$27.48M | HK$24,126 |
| 2026-06-11 | 名鑄 註冊處成交 2房 | 1,039 ft² | HK$27.38M | HK$26,352 |
| 2026-06-11 | 名鑄 兩房 | 1,039 ft² | HK$27.38M | HK$26,352 |
| 2026-06-11 | 名鑄 33 G | 1,030 ft² | HK$27.38M | HK$26,583 |
| 2026-06-11 | 名鑄 33 G室 | 1,030 ft² | HK$27.38M | HK$26,583 |
| 2026-06-10 | 名鑄 33 G | 1,030 ft² | HK$27.38M | HK$26,583 |
| 2026-06-10 | 名鑄 33 G室 | 1,030 ft² | HK$27.38M | HK$26,583 |
| 2026-06-09 | 名鑄 一房 | 817 ft² | HK$16.16M | HK$19,780 |
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 The Masterpiece's own stored figures and moves with the daily update.
How much is The Masterpiece per square foot?
Saleable prices at The Masterpiece currently run HK$25,490–HK$33,861 per sq ft, with a mid-point of HK$29,676. 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 The Masterpiece cost in total?
A mid-size flat at The Masterpiece works out at roughly HK$28.10M 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 The Masterpiece?
The most recent reported deal we hold at The Masterpiece is from August 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 The Masterpiece?
Gross rental yield is about 2.9%. After the HK$3 per sq ft management fee, rates and normal upkeep, the net yield we calculate is 2.53%, on a median reported rent of about HK$63,000 a month.
How much is the management fee at The Masterpiece?
About HK$3 per saleable sq ft per month — roughly HK$1,680 a month for a 600 sq ft flat. Management fee is the largest recurring holding cost after mortgage interest.
How old is The Masterpiece?
The Masterpiece was completed in 2009, making it around 17 years old. Age matters for mortgage terms and for the maintenance levies an older building can charge.
How many units does The Masterpiece have?
345 flats. Around 2.3% 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 The Masterpiece?
About 14 minutes door-to-door from Tsim Sha Tsui 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 The Masterpiece?
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 The Masterpiece. 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 The Masterpiece?
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 The Masterpiece
- Stamp duty payable when buying at The Masterpiece
- Solicitor's fees when buying at The Masterpiece
- The Masterpiece management fee against the Hong Kong average
- The yearly cost of holding a flat at The Masterpiece
- Monthly mortgage payment for The Masterpiece
Other estates in Tsim Sha Tsui to compare
Same-district alternatives — compare price per sq ft, size and yield before settling on The Masterpiece.
- The Masterpiece or Kimberley Road 26?Kimberley Road 26 · HK$16,878–HK$21,987 · 168
- The Masterpiece or Prat Mansions?Prat Mansions · HK$12,058–HK$12,469 · 128
- The Masterpiece or Windsor Mansion?Windsor Mansion · HK$9,311–HK$10,127 · 120
- The Masterpiece or Burlington House?Burlington House · HK$10,253–HK$11,982 · 109
- The Masterpiece or Wai On Building?Wai On Building · HK$8,537–HK$10,829 · 107
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.