Shandong Street Shop rents 240,000 yuan back 9 years ago
The retail market has recently softened and retailers are cautious in their leasing strategies. The stalls in Mong Kok, which was originally leased by Yun Kee Sports Goods for 9 years, were rented out at a monthly rent of $240,000 after the implementation of the abandonment of rent. The rents fell by more than 55%, and the monthly rents returned to the level of 9 years ago.
It is understood that Yunjiu originally rented the entire building from the underground to the 2nd floor of No. 53 Shandong Street, with a total construction area of about 2,400 square feet, an old rent of about 538,000 yuan, and a lease of about 224 yuan. The lease expires at the end of March this year. The brand does not renew the contract. Move out.
The shop was originally rented at a monthly rent of 450,000 yuan. After losing more than half a year, it was recently rented by the dessert shop Xuliushan, but the monthly rent dropped to 240,000 yuan, and the rent was about 100 yuan, down by 298,000 from the old rent three years ago. Yuan or 55.4%.
According to the information, Yunji rented the site from 2009, initially renting 240,000 yuan, and then renting it twice, the rent increased, and the cumulative increase was 1.24 times. However, after the abandonment of the rent, the rent of the shop also rushed back to the level of 9 years ago.
In addition, Wheelock Properties sold its pedestal malls for three residential projects in MONTEREY, CAPRI and SAVANNAH in Tseung Kwan O to the leading consortium of Fengtai Real Estate for $3.38 billion in October.
According to the Land Registry information, the transactions of MONTEREY and CAPRI have been registered for sale and purchase. Among them, MONTEREY’s shopping malls and commercial parking lots were registered and sold for 1.668 billion yuan. The total price of the property was 147,600 square meters, and the price was about 11,301 yuan.
In addition, CAPRI’s shopping malls and 36 parking spaces, the total floor area of 85,900 square feet, the transaction price of 899 million yuan, the price of about 10,466 yuan.