Luo Shouhui, 2.1 billion yuan, Sheung Wan Central Commercial Building
The rental price of commercial buildings continued to rise and there was a market with high prices. Luo Shouhui, a veteran investor, sold the entire 299 QRC commercial building in Sheung Wan for about $2.1 billion. He held stock for 8 years and earned nearly RMB 1.6 billion (approximately 3 times).
Market sources pointed out that the entire 299QRC building at No. 287-299 Queen’s Road Central, Sheung Wan, was purchased by Wang Zuan, the second president of Dah Sing Bank, or Wang Zuan, the second son of Dah Sing Bank, for approximately RMB 2.1 billion. The building is currently a 25-storey high-grade office building with low-rise underground, ground floor and first floor as shops, and the 2nd to 23rd floors are for office use. The construction area of the project is approximately 94,500 sq ft. The transaction price is calculated at a price of approximately 22,222 yuan. At present, the annual rental income of the building is about 40 million yuan. Based on the transaction price, the rental return rate is about 1.9%.
The rental cost of Hong Kong Commercial Building crowns the world for 3 consecutive years
299QRC was originally held by Luo Shouhui. It was purchased in 2010 for RMB 520 million. It recently launched a sale. It is reported that at least 4 buyers fought for a bid and eventually changed hands with high prices. The book profited from RMB 1.58 billion, an increase of more than 3 times.
In addition, CB Richard Ellis publishes an annual survey report on the “costs of major office buildings in the world”. Hong Kong has been the market for the world’s most expensive office rental costs (including rent, local taxes and service management fees) for three consecutive years. The leasing cost of office space in Central has become the highest in the world with approximately RMB199.6 per square meter per month; followed by the West Bank in London, UK, with approximately RMB152.8 per square meter per month. Hong Kong Kowloon is also well-known, ranking fourth, with about $123.5 per month.
In addition, veteran investor Li Yaohua spent 71.8 million yuan to purchase the entire building of 43 Xinfeng Road, Sheung Shui, the entire building area of about 3,800 square feet, the price of about 18,895 yuan. The original owner purchased in 2007 for 37 million yuan, with a book profit of 34.8 million yuan to leave the market, an appreciation of 94.1%.