The rent is close to the bottom of the Causeway Bay shop
Causeway Bay shops rents have been adjusted, has been close to the bottom, began to attract consortium attention, in the area into the city to buy shops.
The first half of the sale of shops is not busy, the four major retail core area, Causeway Bay shops relatively ideal for the sale, especially in recent months recorded a number of shops and transactions, as well as Ginza-style commercial and commercial transactions. In terms of shops, the largest amount of transactions in the near future for the Bank of Hong Kong asset management to 3.1 billion, to shop Wang Deng Chengbo breath to buy three properties, three properties were Causeway Bay and Quarry Bay shops, and Kwun Tong full commercial buildings, which Causeway Bay 492 Hennessy Road, Tai Wo Building, underground part of the basement and 1 to 3 floor, a total area of about 17,000 square feet, the main tenants for the sports clothing brand Nike, the monthly lease of about 1.8 million yuan, while the base part of their own business wonton Shop.
In fact, Deng Chengbo on the Causeway Bay shop can be described as a soft spot, over the years to buy and sell the property, he had already purchased the shop in 1990, then sold in 2004, then in 2008, the phased back Purchase, and in 2011 to sell. In 2014 he then to 600 million yuan to buy Zhaoan Li Tai, now the first three degrees to sell, the market value of about 800 million yuan.
Yinbao Yixing building two shops 1.3 million sale
On the ground floor, the company has sold two shops in one breath, including C & D Shop C, D, 3 / F, Yee Hing Building, Leighton Road, Causeway Bay, covering an area of about 3,275 square feet, with a turnover of $ 130 million. too. The original owner in 2005 to 49.9 million yuan purchase, book profit of 80.1 million yuan, 1.6 times the property appreciation.
In addition, the “shop king” Deng Chengbo sold 13th Floor, Shop 13, 19, Leighton Road, about 1,600 square feet, involving about 68 million yuan change hand, foot price of about 43,000 yuan, the shop is too The restaurant is leased for about $ 170,000 per month for a period of 2018, with new buyers enjoying a rent of about 3%. According to information, the shop was held by senior investor Deng Chengbo, in early February this year to 60 million yuan to buy, holding half of the book appreciation of 8 million yuan, an increase of about 13%, but deducted stamp duty and agency fees and other miscellaneous expenses, Essence is a low profit.
In addition, this year Causeway Bay also recorded a number of full sale of Ginza commercial buildings, the latest one for the Kaiping Road Cubus full building, 28-storey building, the total floor of about 68,000 square feet, the current occupancy rate of 100%, tenants mainly senior Restaurants, by local investors to about 20 billion purchase, about 29,000 yuan per square foot to the property monthly rental income of about 3.1 million dollars, the rate of return of about 2%. Owners of Taiwan Fubon Insurance Group’s fund holdings of 5 years changed hands, profit of about 500 million yuan to leave.
Analysis of the past two years, shop rents fell significantly, and Causeway Bay is also the key to the adjustment of rents, individual rents fell by 6 to 7 percent, due to rental callback, investors worry about property returns fell, choose to wait and see, so that the overall shops Buy and sell quietly. After two years of adjustment period, the recent retail sales have seen a clear turn for the better signs, Yipu also digest, the rent bottomed out signals, so that investors interested in the market, so the recent increase in Causeway Bay shops.