The tip of the cotton area is full of 15 million intentions
Recently, major buyers have continued to be prosperous, and some owners have also squandered their properties. Among them, the high-rise floor of the Tsim Sha Tsui Mian Teng Building is on sale, involving a floor area of about 1,500 square feet, with an intentional price of 15 million for sale, with an average price of about 1 Million.
Li Zhenlong, director of the senior regional business of Midland Commercial, said that the above property is the full-scale upper floor of the Mianden Building, No. 13-15, Tsim Sha Tsui, and the area is about 1,500 square feet. The intended selling price is about 15 million, and the average price is about 10,000. The price of commercial buildings in the same district is about 20% lower. The property is square and practical, with multi-window design to improve indoor lighting and new decoration.
The average price is 10,000
Li continued, the market value of the above site was about 30 yuan, and the buyer was expected to enjoy a return of about 3.6 percent. In addition, Tsim Sha Tsui is a traditional core business district in Hong Kong. Together with the adjacent high-speed rail station, business opportunities between China and Hong Kong are concentrated. The above-mentioned property price is lower than the market price of about 20%. Therefore, it is predicted to be quickly absorbed after the market is launched.
On the other hand, according to the information of the Research Department of the Midland Industrial and Commercial Department, the first quarter of the retail market recorded a total of 11 billion yuan transactions, down by about 56% quarter-to-quarter, the number of new generations since the third quarter of 16 years; The transaction amounted to approximately 2.657 billion, which also fell by about 85.1% quarter-to-quarter, the lowest since the fourth quarter of the year.
According to the bank’s data, the retail sales of the four core retail districts (Central, Causeway Bay, Mong Kok and Tsim Sha Tsui) accounted for 5 per cent in transactions, which fell by 16.7% quarter-to-quarter, amounting to about $1.213 billion, an increase of 13.2% quarter-to-quarter; In the non-core area, the number of transactions in the first quarter of the year was about $1.445 billion, which fell by 68.4% quarter-on-quarter and plunged 91.4%, mainly due to the number of transactions in 12 malls in the fourth quarter of last year. The amount increased significantly.
Expected to return 3.6 percent
Lu Zhanhao, director of Midland Wangpu, said that in the first quarter of this year, influenced by peripheral uncertainties such as Sino-US trade war and Brexit, investors were cautious, the overall trading volume decreased, and the market penetration was weakened. The number of transactions and the amount of transactions fell by quarter.
Lushi’s outlook, benefiting from the recovery of the stock market, the Sino-US trade war seeing the dawn and the US is expected to suspend interest rate and contraction this year, and the investment market atmosphere is becoming more active. It is expected that the volume will rise in the second quarter.