Percival Street, 250 million original owners 221 million hands 477 earned 1135 times
Significantly warmer retail market, the core retail floor shop to reproduce the case of investors into the market. A ground-floor shop in Causeway Bay Percival Street has just started trading at about $ 250 million. The original owner earned a net 1135-fold gain for the sale of ground-floor shops that have made a thousand-year increase in the past four years.
Sources pointed out that the Percival Street, Causeway Bay, 66 ground floor, building area of about 942 square feet, with 250 million yuan changed hands, up to 265,400 yuan per foot. The shop was originally leased to telecommunications operator 3 Hong Kong at a monthly rate of 400,000 yuan. It has now been relocated to Jibu and temporarily rented at a rate of 450,000 to 500,000 yuan per month.
265,400 feet made temporary tent hire 450,000
According to statistics, the site was put on the market after the rent was peaked in 2015. The price was once as high as 400 million yuan. However, it has not been favored by buyers. It was further reduced to 300 million yuan last year. In the end, 150 million yuan price reduction or 37.5% before the successful shipment.
Although the price of the shop was substantially reduced, the information from the Land Registry showed that the original owner of the shop was purchased for only $ 220,000 in 1971 and held the goods for 47 years. The book value recorded a substantial profit of $ 249.78 million, a rise of 1135 times.
Tang Chu and other buyers hold the adjacent shop
An old residential unit in Nos. 54-76 Percival Street was acquired by the consortium in recent years. However, it is understood that the new home buyers are the new shoppers, Tang Chu-man and Choi Che-chiu, senior shop investors with multiple shops on Percival Street including 2007 In 86 million acquisition of Percival Street, 64 underground shop next.
A few years ago, retail sales of big wangs stimulated a rise in rent multiples of ground floor shops in Causeway Bay, and their prices also multiplied by geometric multiples. For the time being, the most expensive footbridge in Hong Kong was Shop 76, Wang Po Fu Street, which was sold for $ 380 million in 2011. As a result, the 474-year-old owner earned a net shortfall of 2,532 and should be the shop earning the strongest gains in Hong Kong Buying and selling.
In the same district, a thousandfold increase in ground floor turnover dates back to January 2014 when Siu An Lee Ta bought Shop G, G / F, 49-57 Lee Yuen Shan Road for $ 252.8 million. The original owner took profits for 51 years 1742 Times Subsequent retail market downturn drag shop rent plunge, shop quiet trading until the recent consumer market was warmer, and finally reproduced shop to make more than a thousand times more transactions.
Pan Zhiming, managing director of the Central Plains (KIB), believes the retail sentiment has improved and rents have the chance to reproduce growth in the future, leaving many shops investors to re-open their stores recently. In the past, core proprietors had reluctant sellers in the core areas, but they have now appreciated a bit and are also taking advantage of market conditions to improve their sales.
In addition, the source said Chan Hing On, the founder of Tai Hing Catering Group, and the related parties sold Shops 56B to 58E on the ground floor of Kai Fung Shopping Center, 138 Chu Tsui Road, Tuen Mun with a gross floor area of about 2,757 square feet at a price of 63 million yuan and a price of 22,900 square feet yuan. At present, shops are rented to restaurants for a monthly rent of 198,000 yuan, a return of about 3.8%.
Chen Yongan and others via Yingjie Co., Ltd. in 2010 to 27.6 million yuan purchase, holding 8 years profit 35.4 million yuan, appreciation 1.3 times.