Industrial and commercial transactions up 23% m-o-m in July
According to market data, a total of 149 industrial and commercial transactions were registered in July (as of 17 July), up 23% m-o-m. The consideration totaled HKD 3.409 billion, surged 100% m-o-m. On the yearly basis, the figures recorded a drop of 40% and 15%, respectively.
First Phase Development of Hung Shui Kiu involved 195 private lots
The Lands Department announced the land resumption plan for First Phase Development of Hung Shui Kiu /Ha Tsuen New Development Area yesterday. A total of 195 private lots with an area of about 12 hectares are planned to be resumed. It will provide a total of 1,400 domestic units for local rehousing purpose.
Entire building in Yuen Long changed hands at HKD 95 m
Entire building, 81 Castle Peak Road, Yuen Long, with a total area of 2,940 sq ft, has been sold at HKD 95 million or HKD 32,300 per sq ft. The current building is a three-storey commercial property. The original owner purchased the property at HKD 135 million in 2014, making a book loss of HKD 40 million and a 29% depreciation in six years.
Villa at Ruby Chalet transacted at HKD 22.8 m
An even no. house at Ruby Chalet, Sai Kung, with a saleable area of 1,294 sq ft and a garden, has been transacted at HKD 22.8 million or HKD 17,620 per sq ft. The original owner purchased the unit at HKD 1.31 million in 1982, making a book profit of HKD 21.49 million in 38 years.
(Sources: Vigers Research and market news)