Sheng exchange 5 shop push three guarantees
Recently, the local retail market has seen a boom in the market. Li Genxing, founder and chief executive of Sheng Hui Fund, said in the past 14 months that the company has bought 14 shops and is currently the first to sell 5 shops in Yuen Long, Sham Shui Po, , Jordan, Sai Ying Pun and Happy Valley. The price of shops is expected to range from $ 8.5 million to $ 32 million. The rental yield is expected to range between 2.4% and 3%.
Li Genxing pointed out that if the buyers purchase the above-mentioned shops, they will receive the “Three Guarantee" shopping programs provided by Sheng Hui, including rental guarantee, tenant guarantee and rent guarantee. The rental guarantee is 3 years after-sales guarantee, Into the property maintenance and repair, for the tenant to assume 50% maintenance costs.
He is optimistic about the market launch in Hong Kong. He is optimistic about the core retail shops, especially those shops that rent between $ 40 and $ 100 per sq ft. He estimates that the rent for Minsheng core shops will increase by 10% to 15% while that for shops However, it is estimated that the rents in Causeway Bay and Tsim Sha Tsui will still be reduced by 5% to 10%. He advised investors to prioritize restaurants in the catering, consumer and wet goods industries, while shops in the high-end retail watch, jewelery and mobile phone parts industries should avoid sticking.