This year the entire building industrial volume up 30%

The Central Plains Commercial and Commercial Store released its 2018 Market Forecast Report. Managing Director of Central Plains (PA), Pan Zhiming, said that the turnover of 19 whole blocks of industrial buildings in the whole of last year was more than double that of the previous year. As the Government intends to restart the revitalization of industrial buildings, I believe it will stimulate the trading of industrial buildings. It is estimated that the transaction volume and transaction prices of whole industrial buildings will soar by about 30% and rentals by 20% this year, which may again become the focus of the market.

Due to the pick-up in retail market, the vacancy rate of shops also dropped. For instance, the vacancy rate of shops in Causeway Bay dropped from 5.94% at the beginning of last year to 4.79% in December last year. It is estimated that the market will rebound from the bottom and the overall rent can rise 5% to 10% District rent is expected to rise 10% to 15%. As many high-profile transactions have been made in commercial buildings last year, it is estimated that the selling price will rise 20% to 25% this year and the rent increase 10% to 15%. The transaction volume will increase by 10%.

In addition, Security Engineering (1627) and Winston (015) jointly announced that Qinghai, an indirect wholly-owned subsidiary of Security, purchased from nine sellers a property from 1st to 12th floors of Wanshun Industrial Building, 7 Lai Yip Street, Kwun Tong, at a consideration of 4.39 100 million yuan to pay in cash, earnings letter for the security of the parent company holds 75% stake in security.