2,800 Million Touches, Ground Floor, Kwong Wah Street, Mong Kok
The recent market was busy and there was a case of a cargo in the market. The veteran investor “Logistics Zhang” Zhang Shunyi tried out the ground floor of Kwong Wah Street in Mong Kok for a price of 28 million yuan, and the property appreciated by more than 20% in just 1 month.
The site is at Shop 9, G/F, Kwong Fai Building, 13 Kwong Wah Street, Mong Kok, just changed hands for about $28 million and covers an area of about 800 square feet. The average selling price is $35,000. The current site is used for car air-conditioning and will be traded with Kyrgyzstan. With a rent of $80,000, new buyers are expected to enjoy a return of approximately 3.4%.
Zhang bought the site for $23.2 million at the beginning of April. He held the goods for about one month and made a profit of 4.8 million yuan. The property appreciation was about 21%. The shop was once again purchased by the owner in 1997 with 3.3 million yuan, and held goods for 21 years. The profit on the book was 19.9 million yuan, and the appreciation was about 6 times. Guanghua Street is located in the second-line area of the area. In recent years, restaurants have been attracted and streets have changed.
The original owner Zhang Shunyi rose 21% a month
Zhang Shunyi is active in the market. The latest parking lot at Jiulongtang includes 1 parking space in Phase 2 with a purchase price of 1.25 million yuan. He just changed hands with 1.68 million yuan. The book profited at 430,000 yuan and the property appreciated by 34%. The single parking space was purchased for 1.32 million yuan, and it just changed hands with 1.89 million yuan.
Mr Cheung pursued the people’s livelihood area shop, Shop No. 3, G/F, Cheung Fai Building, 41-51 Cheung Wah Street, Cheung Sha Wan, with an area of about 1,000 square feet. The purchase price was 19.8 million yuan. The shop was unilateral and the front door was 46 square feet wide. The tenants include agents, laundry, convenience stores and car repairs. The monthly rent is $50,000 and the expected return is about 3%. According to an agent, Zhang Shunyi was optimistic that Chang Wah Street was the only way to get to the MTR station from So Uk Estate (will be occupied). The original owner purchased the shop for 18 million yuan in January 2013.