1/11/2018-9

Yau Tsim Mong commercial buildings repossession sparse transactions

Yau Tsim Mong commercial high flexibility, but the owners put a small plate, low turnover in the past year.

As Yau Tsim Mong District is a traditional commercial and retail site, commercial buildings can be used for traditional office space as well as Ginza-style commercial buildings. Apart from the high rental value of property pavilions, the commercial buildings are flexible and attractive to consortia. However, the large-scale commercial building owners in the area have seldom introduced properties for sale. Therefore, the transaction volume is not high.

Jordan Jinfeng whole building was 2.78 billion contact

At the end of last year, the veteran family held the Jordon Tower in Jordan and was awarded a consortium of 2.78 billion yuan for the consortium. The total floor space of the property is about 60,000 square feet. The property was completed in 1960, with 16 storeys in height. The ground floor and basement are shops, while the upstairs is office buildings. The entire building has a total gross floor area of ​​60,798 square feet.

In terms of volume, Chong Hing Bank (01111) sold its entire block of Shun Fung Commercial Building in Mong Kok for HK $ 658m last year at a price of about $ 20,000 per sq. Ft., And the buyer is Sunshine Real Estate Fund (00435).

The property is located on Nathan Road in Mongkok with 20 storeys and a total gross floor area of ​​approximately 33,249 square feet. The ground floor to 4th floor is a retail space while the 5th to 20th floors are office buildings. The monthly gross rental income is about $ 1,640,000 and the monthly rental is about $ 20,000 The rate of return is about 3%. Chong Hing Bank said it will be used for core banking business when it sells non-core properties.

The new buyer, Sunshine Real Estate Fund, also owns the whole block of commercial buildings in Yu Tat Lot, involving FTSE Center at 585 Nathan Road, 26 storeys and gross floor area of ​​about 51,000 square feet