Public Bank purchases “four-click” shop in Tai Kok Tsui
The market has stabilized, and the banks have also taken advantage of the situation to buy their own stores. Public Bank has just spent $43 million to purchase a “four-click” ground floor in Datong New Village, Tai Kok Tsui. The price is over $20,000, which is more than 10% lower than the asking price.
43 million change hands, the price is 10% lower
Public Bank has just purchased Shop G1A to G1B, G/F, Tai Man Building, Tai Tong San Tsuen, 43-59 Tai Chung Street, Tai Kiu Tsui. The gross floor area is about 2090 square feet. The transaction price is $43 million and the price is about $20,574. It is understood that the market value of the shop has a monthly rent of about 120,000 yuan. If it is rented out at this price, the return will exceed 3.3%. The bank purchased the shop for its own use.
According to the Land Registry, the original owner spent 32.5 million yuan to purchase the shop in 2016 and had built four licenses to Chong Hing Bank. It is reported that before the shop was sold for 48 million yuan, the final price reduction of 10.4% was sold, and the original owner still made a profit of 10.5 million yuan to leave the market, with an appreciation of 32.3%.
In addition, the tea restaurant Tsui Wah (01314) will increase the rent of 1000 square meters in the Mongyang MPM shopping mall in Mong Kok, and the existing ESPRIT will be expanded to a monthly rent of 300,000 yuan. Together with the existing 2,300 square feet, the store area will increase to approximately 3,300 square feet. The monthly rent is a total of 900,000 yuan, and the rent is about 273 yuan.
In the commercial area, the COSCO Building, a Grade A commercial building in Sheung Wan, recorded a lot of sales. A finance company purchased the 7 to 8 rooms on the 21st floor of COSCO Building for about 121.3 million yuan. The construction area is 3,517 square meters, and the price is about 34,500 yuan. According to the Land Registry, the original owner of the site purchased a number of units in this floor at a price of 7,600 yuan in 2007, which was 3.5 times higher at the price of the price.
Room 4, 16th Floor, West Wing, Shun Tak Center, the same district, with a building area of 1440 square feet, sold for 47.232 million yuan, with a price of 32,800 yuan. The seller bought it in 2009 with a price of 10.8 million yuan, holding goods for 9 years, and the book profit was 36.432 million yuan, an appreciation of 3.4 times.