Tender for Sha Tin industrial land closes on Friday
The tender for Sha Tin Town Lot No. 613 at the junction of Tsung Tau Ha Road and Kwei Tei Street, Sha Tin will close this Friday. The site has an area of 98,792 sq ft, and the total GFA reached 938,524 sq ft, designated for industrial, godown and ancillary office and related uses. The market valuation is about HKD 3 billion, and the accommodation value is at around HKD 3,200 per sq ft.
250 transactions recorded in ten major estates in June
According to market news, as at 29 June, 250 transactions were recorded in the ten major estates, down 20% m-o-m. Over the second quarter of the year, the figure recorded around 850 transactions, hitting the two-year high with a quarterly increase of 42%.
Shop in Happy Valley transacted at HKD 48.85 m
Shop D, G/F,12-12C Sing Woo Road, Happy Valley, with an area of 750 sq ft, has been sold at HKD 48.85 million or HKD 65,000 per sq ft. The original owner purchased the shop at HKD 38 million in 2010, making a book profit of HKD 10.85 million and a 29% appreciation in ten years.
Ruby Court sold at HKD 36.9 m
According to market news, Unit B, low-floor, Tower 2, Ruby Court, Repulse Bay, with a saleable area of 1,390 sq ft, has been sold at HKD 36.9 million or HKD 26,547 per sq ft. The original owner purchased the unit at HKD 11 million in 2001, making a book profit of HKD 25.9 million and a 2.4 times appreciation.
(Sources: Vigers Research and market news)