a large amount of losses occurred in the market
Underground double shop in the trendy area of Guanghua Street in Mong Kok. The original owner’s split price reached 8 million yuan, and the recent sale was 12 million yuan, which was 5.18 million yuan or 30% less than the 2012 purchase price.
According to market news, Shop No. 22, G / F, No. 1 Guanghua Street, Mong Kok, has an area of about 172 square feet
It recently changed hands through a company stock transfer (or shell purchase) for 12 million yuan, and the price per square foot was about 69,800 yuan. The buyer is Luo Shouhui, a senior investor.
Chuan Luo Shouhui 12 million stock
The original owner put it on sale for 20 million yuan before the storm, but after the market fell sharply, it was sold at a price of 8 million yuan, a decrease of 40%. The original owner bought it for 17.18 million yuan in 2012, giving away 5.18 million yuan or 30%.
Li Genxing, Chief Executive Officer of Shenghui Commercial Shop Fund, said that the shop’s previous rent levels ranged from 30,000 to 36,000 yuan, and the rent is now 32,000 yuan. It is estimated that the current market rent is 28,000 to 30,000 yuan and the return is close to 3%.