Central second-tier commercial transactions become active
Central core business district rents are high and there is no sale, investors moved to the same area second-line lots, the recent second-tier shopping malls in Central shopping activities turned active, reflecting the investors optimistic about the prospects.
Central Queen’s Road and Des Voeux Road Central for the district’s core business district, this year’s commercial rents up, and the consortium recently transferred to the same area second-line street, including Wellington Street, Anlan Street, Erie Street area, All property transactions. The total land area is 15,632 sq ft and the ground floor to the third floor is leased by the restaurant. The monthly rent is about $ 1.1 million. The total length of the existing building is 15,632 square feet. The
Nanfeng chain into the city to buy commercial buildings
Property was held by the Indian Cheyma Chellaram family, mergers and acquisitions for many years, set the title after two years ago, the bid, the price of about 800 million yuan, but not sold. The recent market conditions, to attract the consortium to pay attention to the end to about 680 million yuan to undertake, about 43,500 yuan per square foot. The purchaser is the Nan Fung Group, which has a floor area of 24,765 square feet and a floor price of about 27,400 yuan per square foot. As the lot is close to the core retail and commercial lots in Queen’s Road, It is to rebuild the value.
In fact, the group is connected to the market, such as the earlier to about 760 million yuan, to purchase 11 to 15 Anlang Street commercial buildings, the project covers an area of about 2,159 square feet, expected future reconstruction. In addition, An Lan Street, a small commercial building by the investors Yang Pin Shu and so on to 218 million purchase, foot price of about 43,000 yuan, the project size is small, together with the rear part of the area is also only 955 square feet, with a total construction area of about 5,063 Square feet.
In addition, 57 Wellington Street, the whole building Tang to 8,500 million yuan sold, the property sold in 1960 was 81,000 yuan. As a result, the appreciation of about 5748 times. The property shows that the property is a 6-storey high-rise building with a total floor area of about 3,667 square feet.
It is worth noting that redevelopment of value property
In addition to the sale, the second-tier lots of commercial rental also turn Wang, Pui Xin Group earlier said that its Central LKF Tower 11 to 28 floor, a total of 14 floors, the original Longbao Lan Kwai Fong hotel use, will be converted to commercial use , The building is being retrofitting works. The flats are now being rented and rented by a number of organizations, including the sharing of work space organizations and the full floor. While the property 1 to 9 floor is still used for shops, the main tenants for food and beverage.
Analysis, the core business district of Central has always been reluctant to sell, and this year the core of the core of the increase in rent, is expected to lead the second floor of the same district, so attract the consortium began to pay attention to the second floor of the same property. In addition, a large-scale project will be completed in the short term, including the “Grand Museum” (Central District Police Station, including 3 statutory monuments – Former Central Police / Central Magistracy / Victoria Prison) is expected to open during the year. Can bring local and foreign visitors, the crowd is expected to rise, the surrounding commercial activities or turn Wang, so that investors watched, expected short-term Central Street, second-line rental activities continued to increase, which has the value of the property worth the first to pay attention.