23/5/2018-4

Mong Kok Paralit Plaza Duplex Shop 3.5 Billion Placement

&nbspThe improvement in retail sales led to an increase in the demand and turnover of shops. In Mong Kok, which is one of the core retail districts, owners sold more than ten thousand tenements and connected flats on the upstairs. The asking price was about 350 million yuan.

Mei Jia Commercial Director Chen Jiahui stated that the sale was made on the first floor and the second floor of Bally Plaza, No. 3 Kwong Wah Street, Mong Kok, with Shop No. 5 on the ground floor and some advertising space on the external walls. The total area of ​​the property was approximately 17,351 square feet. Among them, the area of ​​the first floor is approximately 8,711 square feet, the area of ​​the second floor is approximately 8,479 square feet, and the floor area of ​​the site is approximately 161 square feet. It is currently sold at a price of 350 million yuan and is priced at approximately 20,172 yuan per square foot.

Even the lease for sale

The site will be sold under a single tenancy agreement. It is currently used for commercial purposes. It is equipped with commercial power and water supply equipment. It also has a large glass curtain wall of about 180 feet. It not only broadens the views inside and outside, but also gathers people’s attention to achieve publicity. It is suitable for use in a variety of industries. Moreover, there are also multiple advertising spaces on the external walls of the property that can be leased by tenants to greatly enhance the property’s own value.

As for the above-mentioned unilateral property, there are separate entrances and exits to the upstairs property in addition to the ground floor. The entrance can also be used for large-scale tourist and private car rides to facilitate customer and group consumption. There are no large-scale duplex shops.

Visitors to increase business shop benefit investors into the market

Chen continued that according to data from the Census and Statistics Department, the tentative estimate of total retail sales in March this year rose by 11.4% year-on-year, coupled with the continuous increase in visitor arrivals to Hong Kong, which benefited shops in the core area and many of the investments were actively absorbed. Destiny properties, including foreign funds, purchased the next-basket bunker at Galleria Plaza, 9 Queen’s Road Central, Central, for about RMB 670 million.

In addition, Pu Wang Deng Cheng-po purchased the E shop on the ground floor of the Mong Kok Commercial Building and the 1st to 4th floors for about RMB380 million, which shows that the traditional core area is still the preferred investment choice for buyers. Mong Kok is a district that gathers tourists and local consumers. The crowded area in the area, together with the residential properties adjacent to Dundas Street, Fa Yuen Street and Sai Yeung Choi Street South, have many large shopping malls such as Langham Place and Jiale. Fanghe and Xinhe Center, etc., help gather people and bring more potential customers to the shop.

In fact, with reference to the transaction of shops in the same district, the cost difference is very large. For example, on the same road, the underground penthouse of No. 2-20 of Kwong Wah Street will have an area of ​​about 600 square feet. The transaction price will be about 7.78 million yuan, and the price will be about 12,967 yuan. The ground floor of No. 1 Kwong Wah Street on the section of the road covers an area of ​​about 110 square feet and the sale price is 28,000 yuan.