Industrial and commercial shops accounted for 10 billion yuan for 4 consecutive months
According to information from the General Land Registry, the commercial and industrial shop market recorded a total of 998 sales and purchase registrations, up 24.4% month-on-month. In the single month with the highest number of registrations, the involved amount was approximately RMB 10.077 billion. Although the monthly turnover was 38%, it was a consecutive four-month registration amount of more than RMB 10 billion. The previous record was from March 2012 to 2013. In March, at the time, it recorded more than 10 billion for 13 consecutive months. This time, it was the best after the hot spree spread to commercial and industrial shops.
According to the statistics, according to the classification of industrial and commercial shops, the number of commercial buildings in the previous month continued to be the focus of commercial and industrial transactions. In February, 719 industrial buildings were registered, up 51.7% month-on-month, accounting for 72% of the total number of commercial and industrial shops, involving approximately The amount of 4.809 billion yuan fell by 39.3% month-on-month. The increase in the number of industrial buildings registered last month was mainly due to the demolition of the W212 industrial building W212, which attracted a large number of investors to enter the market. The number of registrations for this project alone accounted for 216 cases involving approximately 1.689 billion yuan.
42.8 million places sold in the Central store
In addition, 118 commercial buildings, which fell 35.5% on a monthly basis, involving about 1.834 billion yuan, fell 65.4% on a monthly basis; 161 cases of commercial shops rose 11% on a monthly basis, involving about 3.434 billion yuan rose 12.5% on a monthly basis.
According to Huang Hancheng, CEO of Midea and Hong Kong’s industrial and commercial shops, there will be a number of new commercial banks in the short term, including Hejiao Industrial Building in Tai Kok Tsui, Sam Lee Street Commercial Building in Central and Wai Yip Street in Kowloon Bay, etc. With sophisticated investors launching multiple office building projects for sale, given the current market sentiment, it is expected that the market will effectively undertake the aforementioned projects and will drive the registered value and number of commercial and industrial shops to remain high.
In addition, Meilian Wang Puyuan Ling said that the ground floor of No. 18 Yili Jin Street in Central has an area of approximately 550 square feet and is currently sold at an intention price of RMB 42.8 million. The property is currently leased from Sichuan Restaurant, with a monthly rental of RMB 69,000. The lease period will expire in April 2020. New buyers will enjoy stable rental income.
In recent years, many consortia have also actively taken up acquisitions in the region, such as the Tun Tunton Street and Obelli Street. The URA’s Bailey Street and Graham Street projects are also under development and will be used for residential, commercial and retail sales. For other purposes, it can be seen that there is unlimited space for development in the region.