Fifty major Grade A office buildings recorded 33 transactions in 1H
According to market news, 33 transactions were recorded in fifty major Grade A office buildings in 1H 2020, plunged 63% h-o-h. While the deals involved a total floor area of around 146,000 sq ft, decreased by 64% h-o-h. Of which, sales in the Kowloon district accounted for 23 transactions.
No. of mortgage on completed properties up 50% m-o-m in June
Mortgage performance in the residential market rebounded on the ride of the improving pandemic situation. A total of 7,488 cases of mortgage on completed properties were recorded in June, surged 48.8% m-o-m to a half-year high. Over the same period, 442 equitable mortgage registrations were recorded, edged up 9.4 % m-o-m.
Duplex unit of The Masterpiece sold at HKD 138 m
Top-floor duplex unit at The Masterpiece, Tsim Sha Tsui, with a saleable area of 1,974 sq ft, has been sold at HKD 138 million or HKD 69,800 per sq ft. The unit price reached a new high of the estate.
GAP moving out Granville Road shop
American apparel brand GAP moved out its current branch at Albion Plaza, 6-10 Granville Road, Tsim Sha Tsui. The mega shop has a total area of 25,500 sq ft, and it has been rented out at HKD 1.2 million per month or HKD 47 per sq ft since last year. The lease should be ended in two years, while the owner has put the unit back on the market with an asking rent of HKD 1.5 million per month.
(Sources: Vigers Research and market news)