The price of the shop is adjusted back to the infrastructure
The infrastructure construction has driven the flow of people. The Midland Industrial and Commercial Store believes that this year’s retail market is worthy of optimism because the rent of the shop has been adjusted back and the infrastructure is driven.
Last year, affected by the Sino-US trade war, the investment market in the second half of the year was quite quiet, and the retail market was extremely low. According to the information of the Integrated Land Registry of the Information Technology Division of the United States and the United States, in the 2018 market, a total of 1,683 shops were registered for trading, down 11.4% year-on-year. The number was the second lowest since 1996. The total registered value for the year was about 36.279 billion yuan, down 27.4% year-on-year.
Kowloon’s 866 transactions last year increased by more than 7%
In December last year, only 66 shops were registered for trading, and the number was the lowest since August 2016. In terms of value, 148 registered shops with a value ranging from $3 million to $5 million recorded a significant drop of 35.4% year-on-year; while shops with a value of $50 million to $100 million recorded 88 registrations, an increase of 27.5% year-on-year.
Analysed by region, 401 registrations were recorded on Hong Kong Island, down 0.5% year-on-year; 866 registrations were recorded in Kowloon, an increase of 7.3% year-on-year; 416 registrations were recorded in the New Territories, down 39.7% year-on-year.
In terms of recent retail transactions, a unilateral floor shop, which is now leased by banks, is located in the ground floor of Hui On Court, Quarry Bay. It was purchased by members of the Roche family of 00341. The rental return was as high as 3.1%. The shop area is about 1,713 square feet and the price is about 104,000 yuan. The original owner, Zhang Weiqiang, a veteran investor with the name “Pharmacy Zhang", bought it for 143 million yuan in 2013, and his book profit of 36 million yuan left the market, with an appreciation of 25.2%. The shop was rented by CITIC Bank (International) for 460,000 yuan per month, with a return of about 3.1%.
Connected to Stanley Street for 16 million sales
In addition, senior investors entered the market in the non-core area, connected to the ground floor of No. 19-21 of Stanley Street, with a turnover of about 16 million, with an area of about 600 square feet. At present, the fashion store has a monthly rent of 26,000. The new buyer is a senior investment. Luo Shouhui.
Last year, the trading floor was quiet. Huang Hancheng said that the overall market was affected by the external atmosphere. The bunk market was no exception. Coupled with the poor performance of the stock market, shop investors were also cautious. In the market outlook, he said that there are still many positive factors in the market for this year’s shop. First, because the rent of shops has been significantly adjusted over the past few years, it has fallen to a reasonable level. Many retailers have also re-expanded, and the vacancy rate in the core area is low. In addition, after the opening of the Hong Kong-Zhuhai-Macau Bridge and the high-speed rail, a large number of passengers are attracted to Hong Kong. Among them, the high-speed rail passengers have strong consumption power. It is expected to drive the rental and sale of shops in Jordan and Tsim Sha Tsui.