Fu Lin Center sold 60%

The Kowloon East is a major supply of office space in the non-core area. According to the Rating and Valuation Department, the number of completed commercial buildings in Kowloon this year was about $138.96 million

Kwun Tong (including Kowloon Bay, etc.) accounted for about 99% of the floor. The Fortune Centre, which is located at No. 38, Wai Yip Street, and is located in the existing building, has sold nearly 60% of the floor and cashed in about 4.6 billion yuan.

The Fu Lin Centre, Wai Yip Street, Kowloon Bay has been built.

The price is up to seven thousand

Mr. He Lehui, Director and CEO of Capital Strategy Real Estate, said that the commercial building has obtained occupation permits in recent months. The current market sentiment is general and the Group is not in a hurry to sell. The average price of the units sold has been about 16,000 to 17,000 yuan.

He Lehui revealed that since the project has already been built, it will be deployed again in the short term, but will not consider adjusting the selling price for the time being.

As for the retail space of the property, the sale will also be launched. The first floor will provide 21 shops with a floor area of ​​272 to 11,725 ​​square meters and a price of 6,090,400 to over 246 million yuan. The largest and most expensive price is the P-station, which can be used as a restaurant and has a kitchen. There are 5 bunks on the ground floor of the building, covering an area of ​​322 to 6,669 square meters.

Dismantling parking spaces sell 2.3 million each

He also said that the commercial buildings provide 240 private parking spaces. Some of the parking spaces will be reserved for visitors. At the same time, some will launch dismantling. The price of each parking space is about 2.3 million yuan, but there is no fixed number of parking spaces. .

The commercial building recently opened the existing building to the media. Room A, 19th Floor, Block B, with a building area of ​​3,222 square feet. Since the three sides of the unit are floor-to-ceiling glass, the landscape is open. The units look to the Kai Tak Runway Area and the Kowloon Bay Commercial Area respectively. The remaining side looks to the Ngau Tau Kok Estate. .

The same floor E room, with a building area of ​​2,930 square feet, also has two sides of floor-to-ceiling glass, a separate washroom in the room, and a bathroom. As for the B room on the 12th floor of Block A of the building, the building area is 1,779 square feet. The unit is square and has a floor-to-ceiling glass that looks into the runway area.

Businesses settled, rents slowed down

According to the “Hong Kong Property Report 2019” of the Rating and Valuation Department, the number of commercial buildings in Kwun Tong District has reached about 1.378 million square feet this year. All of them are Grade A office buildings, accounting for almost all completed in Kowloon. As for the estimated completion of the Kowloon area next year, it will only be 94,700 square feet, which will be reduced by about 93% year-on-year. Among them, there is no commercial building completed in Kwun Tong.

Luo Zhongying, director of Midland Commercial Sales, believes that a large number of commercial buildings have been completed in East Kowloon in the past few years, causing rents to fall. However, as there is almost no completion in the district next year, it is expected that with the insurance, banking and service industries, the logistics department will be relocated to the non-core area. The future rent decline in the district is expected to narrow and even remain stable. 25 to 30 yuan.


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