Valuation of HKD 450 m for site on Ki Lung Street
Properties on 1, 3, 5 and 7 Ki Lung Street, Prince Edward, together with the 20% undivided shares on 9-11 Ki Lung Street, are now put on sale by the veteran investor Mr. Tang Shing-bor. With site area of 5,654 sq ft, or a total gross floor area of 50,888 sq ft, the market valuation is around HKD 450 million. The tender will be close on 8th September.
Citi Tower rented at HKD 35 psf
According to market news, entire office floor, 8/F, Citi Tower, One Bay East, Hoi Bun Road, Kwun Tong, with an area of 27,000 sq ft, has been rented by Swarovski at HKD 945,000 per month or HKD 35 per sq ft.
Shop at Tai Po Road transacted at HKD 43.5 m
Entire retail floor, 3/F, Sam Ying Building,19-23 Tai Po Road, Sham Shui Po, with an area of 5,000 sq ft, has been transacted at HKD 43.5 million or HKD 8,700 per sq ft. The shop is currently rented to a home for the aged for HKD 120,000 per month, representing a yield of 3.3% to the new buyer.
The Cavaridge sold at HKD 83 m
House 12, The Cavaridge, Sha Tin, with a saleable area of 3,057 sq ft, an 824-sq-ft-garden and a 785-sq-ft-rooftop, has been transacted at HKD 82.539 million or HKD 27,000 per sq ft.
(Sources: Vigers Research and market news)