Causeway Bay Commercial Building, nearly 4 months of the whole sale
The market funds are abundant, the recent pursuit of the whole building property, and nearly a month, Causeway Bay has recorded four full-store commercial sale, a total of 6.7 billion, reflecting the market boom.
The second quarter of this year, large-scale trading boom, and focus on the whole building transactions, into the July, the trading atmosphere is more active, and funds sought after full-fled commercial buildings, Causeway Bay area has recorded more hands. As the Causeway Bay area is a commercial and retail lot, the commercial value is high, attract the consortium to watch. Earlier this year, the capital strategy (00497) to 1.7 billion, sold Causeway Bay J Plus full hotel, new buyers will purchase the reconstruction, the cost of the first full sale of Causeway Bay area.
Zing 2.1 billion sellers close to 3% return
In the second quarter, the overall investment climate to the good, the consortium began to attack the acquisition of the whole property, since July, Causeway Bay repeatedly recorded all the sale, the latest one for Yaohua Street Zing. Lyon Securities, Causeway Bay, Yaohua Street, No. 38 Ginza-style commercial Zing in June tender, the project recently changed hands, the price of about 2.1 billion. The property is 27 floors tall and has a gross floor area of about 79,051 square feet. It is now fully leased. The tenants include special restaurants, karaoke and so on. 3 years ago, the owners of about 1.6 billion purchase of property, then denounced tens of millions of yuan for the renovation and tenant restructuring, foot rent has risen 1 to 60 yuan, the current occupancy rate of 100%, the annual rental income of about 60 million yuan , Now to 2.1 billion to sell, holding 3 years profit of about 500 million yuan, while the new buyers can enjoy 3% return.
The news revealed that the project was purchased by local investors and exchanged for property. It is reported that the new buyers for local investors, in 2015 to 810 million yuan to buy in the Central Queen’s Road L plaza commercial buildings, the total floor of about 58,269 square feet, and the owners interested in the purchase of Causeway Bay Zing full, and the end of the CLSA To reach an agreement to exchange the form of property plus 1 billion yuan to complete the sale.
Another large area of the same area for the opening of Cubus Road Cubus full building, 28-storey building, the total floor of about 68,000 square feet, the current occupancy rate of 100%, tenants mainly for the senior restaurant, by local investors to about 20 Billion purchase, foot price of about 29,000 yuan to the property monthly rental income of about 3.1 million dollars, the rate of return of about 2%. Owners of Taiwan Fubon Insurance Group’s fund, in 2012 to the Fengtai real estate, capital strategy to 1.5 billion purchase of property, holding 5 years changed hands, profit of about 500 million yuan to leave. As for the investors Lin Zifeng, also spent 965 million yuan, to the town of Group to buy Causeway Bay Lockhock Road 487 to 489 Lockhart Station Ginza-style commercial buildings, the property site area of about 2,200 square feet, the total floor of about 33,000 square feet, Restaurants and other leasing, if the price of about 965 million yuan, the price of about 29,000 yuan.
Huarun purchase area two commercial buildings to be rebuilt
In addition, there are consortium optimistic about the value of property redevelopment in the district, Yee King Commercial Building, 27 Yee Street, and Sceneway Business Center, 29-31, which were sold for about $ 1.68 billion, with a total floor area of approximately 62,395 sq ft The price of about 26,000 yuan, the new buyers China Resources Group, purchased for reconstruction. Analysis refers to the market due to ample funds, and the overall property investment climate ideal, to attract the consortium four to find investment opportunities, and the whole property wins in the flexible, can be refurbished or rebuilt to enhance the value. In fact, the above four transactions, three for the long-term investors to buy property for rent, and three properties are 100% rental, rental income is stable, it attracted investors favor, is expected to core area of the whole building Property trading, into the second half of the investment focus.