Grade A office vacancy rate at 6.9% on Hong Kong Island in June
According to market news, the overall Grade A office vacancy rate on Hong Kong Island was at 6.9% in June. Among which, Admiralty recorded the largest monthly increase from 6.9% in May to 7.85% in June, hit a 10-year high.
Shop at Mong Kok transacted at HKD 76,000 psf
According to market news, shop B, G/F, Po On Building, 30-36 Mong Kok Road, Mong Kok, with an area of 800 sq ft, has been transacted with 6.5% discount at HKD 60.8 million or HKD 76,000 per sq ft. The original owner made a 43% appreciation in 14 years.
Unit price of Shun Tak Centre reached 4-year low
Units 10-11, 17/F, China Merchants Tower, Shun Tak Centre, Sheung Wan, with an area of 2,918 sq ft, has been changed hands at HKD 60 million or HKD 20,562 per sq ft. The unit price reached a 4-year low. The original owner bought the unit at HKD 13.38 million in 2004, making a 3.5 times appreciation.
Villa at St Moritz sold at HKD 122 m
House Sommet 9, St Moritz, Kau To, Sha Tin, with a saleable area of 2,987 sq ft, a 732-sq-ft-garden and a 650-sq-ft-rooftop, has been sold at HKD 122 million or around HKD 41,000 per sq ft.
(Sources: Vigers Research and market news)