Allowed to remember Chongqing quarters splitting Si Cheng continued rent

Core retail space continued to drastically readjustment. The local sports store, having registered the rented Premises for rent at the Chongqing Tower in Tsimshatsui, had just renewed its lease for 1.5 years for three years and reduced the monthly rent by $ 1 million by 40%.

The total leased floor area of ​​Chongqing Building, 36 to 44, currently rented, is about 40,000 square feet in total. It was rented in 2014 at a monthly rental of 2.5 million yuan at a price of 62.5 yuan per square foot for a term of 3 years and was named For the WK Square, is Hong Kong’s largest sporting goods themed shopping malls.

As the three-year lease has expired, the redemption will have to be renewed within the year. However, the current rental level has dropped sharply from 2014 and Jumbo has substantially reduced its rent. It is understood that the allowance of 1.5 million monthly renewals for three years, leasing down to 37.5 feet per square foot, 40% less rent. As permitted after the renewal of lease, pay a monthly rent of $ 1 million to 3-year lease terms, save a total of 36 million yuan.

Originally owned by Chow Tai Fook Estate, the basement of Chongqing Mansion had been transformed into a living mall in 2009. However, after the basement was sold to senior investor Tan Borong for $ 660 million in 2012, the mall also closed down. To allow remember.

In addition, information from the Land Registry showed that the Hong Kong Jockey Club was able to sell at a price of $ 39.5 million for Shop 5 to 7, G / F, Good World Building, 197-199 Wangfui Road, Tai Kok Tsui, with a gross floor area of ​​about 3,070 square feet and a price of 12,900 square feet yuan. Property in 1975 to 2.11 million yuan purchase, holding 42 years, book profit of 37.39 million yuan, an appreciation of 17.7 times.