Causeway Bay Ginza ZING!
There are quite a few newly completed commercial buildings in Causeway Bay. Among them, ZING! is now owned and leased by a single owner. It is more uniform in management and suitable for all walks of life.
Lobby display provider information
ZING! is a 30-storey Ginza-style commercial building, completed in 2011 and is a newly completed Ginza-style commercial building in the district.
The building has a stylish exterior with a new modern design elevator lobby with a total of 3 lifts to each floor. The lobby has a large electronic display that shows the building’s business information.
The floor area of each building is different, each floor area is about 3,000 to 4,000 square feet. The unit spacing is practical and the column position is more convenient to use the indoor space. The high-rise units can overlook the 270-degree Victoria Harbour seascape and urban landscape, and some units have a platform that is popular with tenants.
Single owner, easy to manage and maintain
At the end of 2017, the property changed hands and sold it to the Macau Consortium for RMB 1.85 billion. The total floor area is about 79,051 square feet and the price is about 23,000 yuan. The property is held and leased by a single large owner and is more convenient for building management and maintenance.
The building is adjacent to Times Square and the famous food street Denglong Street. The daily leisure and food is complete, and the underground shop of the project is now a coffee shop, which is convenient for office workers. Most of the tenants in the property are characteristic restaurants and retail industries. They are quite diversified.
For transportation facilities, it is about 10 minutes walk from Ting! to Causeway Bay MTR Station. There are also multi-line buses in the vicinity of Hong Kong and Kowloon New Territories. It is quite convenient to enter and exit.
In fact, there is no shortage of Ginza-style commercial buildings in the Causeway Bay area. For example, OLIV at 15-21 Tung Tung Street also has a multi-storey floor to launch the market. The lease price is $66 per square foot and the project is sold for $50 to $63. More suitable than that.
Referring to the recent Ginza-style commercial building in the same district, the same district has a high-rise full-floor, with an area of 1,580 square feet, a monthly rent of 57,986 yuan, and a lease of 37 yuan. The other low-rise full-floor, with an area of 1,580 square feet, is leased at a monthly rent of 60,040 yuan, and the lease is about 38 yuan.
Ginza-style commercial buildings are becoming more and more popular in the market. There will be more new supply in the future. The developer and the Huijing Commercial Center, 25-31 Sugar Street, Causeway Bay, have obtained the dismantling consent form in May this year. The reconstruction project is expected to be rebuilt into a Ginza-style commercial building with a total area of over 60,000 square feet.