Luo Shou-Hui 90 million “Tim Food” to buy full-scale commercial buildings in Kwun Tong
The housing market is hot and the property market is also performing well. According to market sources, senior investor Luo Shouhui or relevant parties increased their holdings of Kwun Tong Commercial Space Technology Center and recently purchased a 15-floor, total floor area of about 10,589 square feet at a transaction price of about 90 million yuan and a price of about 8500 feet yuan. According to statistics, Luo Shouhui and others have already purchased the 3rd and 4th floors of the 6th, 9th and 16th floors of the building. Together with the latest purchase of the 15th floor, the total amount of funds put in is about 330 million yuan.
Another city pass Wan Chai Convention Plaza Office Building, 08-08 room, to 36,000 yuan per foot easy to change; to 3977 square feet per unit area, the transaction price of about 143 million yuan. On the other hand, Chen Jinping, director of research at CB Richard Ellis in Hong Kong, South China and Taiwan, said sales and prices of all types of properties in 2017 hit a all-time high. It is expected that positive factors will drive the market this year. The overall rents for commercial and industrial properties are expected to rise by as much as 10%.
Foreign-funded bank rent this year, commercial and industrial property rose one percent
Luo Yingming, executive director of CB Richard Ellis, said that the net absorption of office space last year reached 1.2 million square feet, more than tripling from 370,000 square feet in 2016. One of the high absorption factors was the increase in rental floor space for shared work space Last year, it had leased about 340,000 square feet of office space, an increase of more than 100% over 2016. It is estimated that by the middle of this year, the shared work space will occupy 1.2 million square feet of office space. He estimates that office rents will rise 5% this year and core areas such as Central will rise 10%.
Lian Zhihao, an executive director of CB Richard Ellis, said the retail market is picking up and the market is expected to continue to improve. The vacancy rate of retail shops will also drop, and the rent will also decline.
In addition, Chuang Agency (0367) commissioned Weijianxin Surveyors and Colliers International to sell the commercial buildings in Sham Shui Po, which will be sold by public tender. The project valued at over $ 600 million. Data show that Zhuang agency in April last year, more than 300 million purchase of the building, if the transfer of more than 600 million yuan, will earn 299 million yuan, the property appreciation of nearly 1 year doubled.