Grade A office rent up 1.6% q-o-q in Q1
According to market news, Grade A office rent up 1.6% q-o-q in Q1, and it has been rising for six consecutive quarters. Among which, Central recorded the largest increase of 2.9% q-o-q, with an average rent of around HKD 150 per sq ft.
9,000 primary unsold stocks were recorded
According to the Transport and Housing Bureau, a total of 9,000 units of primary unsold stock were recorded as at the end of 2018. Of which, 70% of the units (around 6,300 units) will have the chance to be levied with the vacancy tax.
Shops at Chuen Lung Street rented at HKD 200 psf
Shops 2-4, G/F, 118 Chuen Lung Street, Tsuen Wan, with an area of 2,000 sq ft, have been rented by a supermarket at HKD 400,000 per month or HKD 200 per sq ft. The new rent is 20% higher than the previous rent.
Tregunter transacted at HKD 92 m
Unit D, High-Floor, Tower 3, Tregunter, Mid-Levels, with a saleable area of 2,429 sq ft, has been transacted at HKD 92 million or HKD 37,876 per sq ft.
(Sources: Vigers Research and market news)