Ho Man Tin flooring shop 2900000 changed hands
Recently the stock market volatility, investors seize the opportunity to quickly flow of funds to more stable retail market.
Promise Qian at the Associated Press said the market recently recorded the sale of ground parcels at 21 Wo Su Man Suk Road, which covers an area of about 1,300 square feet and a patio area of about 600 square feet with a total gross floor area of about 1,900 square feet at about 2,900 Million yuan successfully changed hands, equivalent to about 15,300 yuan per square foot. It is reported that the original owner purchased in the fifties on the site, holding more than 60 years, is currently a legacy of goods.
Expected February sale of 130 commercial buildings
Hsu pointed out that the new buyer is a veteran investor who bought the property with daringness because of the rapid development in recent years and the densely populated old buildings in the vicinity, which are highly acquisition-redevelopment value. The redemption will be made in the form of a handover. The current market rent is about $ 110,000 and the rent rents up to 4.6% or above.
In addition, the site is located in the district prosperous restaurants, the flow of people, is the core area of livelihood, but there are also a number of residential projects in the area have been completed, such as Dahong Hui’s “Cadogan abundance”, Winterthur real estate development date No.3, Riyadh Road, Hengda (0012) “Cadogan” and so on. It is hoped that the population will increase rapidly in the future. As the demand for consumer goods soars, the prospects of the shops will be bright. Therefore, attracting new buyers to purchase long-term investments.
In addition, according to the Land Registry data, in January 2018, a total of 178 commercial premises registered in Hong Kong registered a 9% increase from 163 in December last year, setting a new high in the past seven months and showing steady performance. Richemont (ICBC) Ho Shao-rong said that it is expected that the number of registered commercials in February will reach 130, down by more than 20% in February, reflecting a slight downturn in February and a lower registration date.