Industrial and commercial shops pay a high price
In the second half of this year, the turnover of industrial and commercial shops fell sharply. However, due to the good trading in the first half of the year, the performance of the year-round sales was similar to that of last year. According to data from the Information Research Department of the Midland Industrial and Commercial Store (00459), as of the 13th of this month, a total of 225 transactions were recorded in the industrial and commercial shops with a turnover of 100 million yuan or more, with a turnover of 150.79 billion. Yuan, approaching last year’s 260 and 165.3 billion yuan.
This year’s big-handed trading was stable, mainly benefiting from the good market sentiment in the first half of the year. According to the data, a total of 142 large-volume transactions were recorded in the first half of the year, and 83 in the second half of the year.
Benefit from the atmosphere of the first half of the year
Commercial buildings are the most promising types of properties recorded this year. A total of 103 cases have been recorded this year. The number of such properties is similar to that of the previous year’s 110 cases, involving about 93.44 billion yuan. The largest commercial and industrial shop transaction this year also came from the commercial market. It was changed to $15 billion for the third and fourth blocks of the Taikoo Shing Centre in Quarry Bay.
For the retail sector, 71 transactions have been recorded this year, with a turnover of about 30.07 billion yuan. In the industrial sector, 51 major transactions were recorded, involving about 27.28 billion yuan. Huang Hancheng, chief executive officer of Midland Industrial and Commercial Services, said that the investment market has deteriorated in the second half of the year. As the outlook for the market is still unclear, I believe that the number of big deals in the first quarter of next year will be significantly reduced.