Grade A office vacancy rate at 5.6% in Central in June
According to market news, the overall Grade A office vacancy rate was at 7.6% in June. Among which, a net absorption of negative 136,500 sq ft was recorded in Central, and its vacancy rate increased to 5.6% over the month.
Shop at Yuen Long sold at HKD 60,000 psf
Shop C, G/F, 29-33 Tai Tong Road, Yuen Long, with an area of 500 sq ft, has been sold with 21% discount at HKD 30 million or HKD 60,000 per sq ft. The original owner made a book profit of HKD 19.02 million in 13 years.
First-hand inventory down 3.6% m-o-m
According to market news, 12,912 units of new homes were left unsold as at the end of July, down 3.6% m-o-m, reaching a 13-month low.
Laguna Verde changed hands at HKD 21.3 m
Unit D, mid-floor, Tower 12A, Laguna Verde, Hung Hom, with a saleable area of 1,413 sq ft, has been changed hands at HKD 21.3 million or HKD 15,074 per sq ft. The original owner purchased the unit at HKD 8.5 million in 2005, making a book profit of HKD 12.8 million and a 1.5 times appreciation.
(Sources: Vigers Research and market news)