Grade A office vacancy rate in Admiralty at 8.32% in July
According to market news, the overall Grade A office vacancy rate on Hong Kong Island was at 7.53% in July, up 0.36% m-o-m, and it has been rising for 13 consecutive months. Among which, Admiralty recorded the highest vacancy rate at 8.32% over the month, increased 0.47% on a monthly basis.
St. George’s Mansions sold at HKD 115 m
Unit A, 16/F, Tower 1, St. George’s Mansions, Ho Man Tin, with a saleable area of 2,140 sq ft and a 138-sq-ft-balcony, has been sold at HKD 115 million or HKD 53,738 per sq ft through tender. The transaction price reached the highest of strata-title sales in Ho Man Tin.
Kwai Chung shop transacted at HKD 12 m
According to market news, Shop 08B, G/F-M/F, Tin On House, 78-96 Shek Yam Road, Kwai Chung, with an area of 300 sq ft, has been transacted at HKD 12 million or HKD 40,000 per sq ft.
Site at Perkins Road sold at HKD 850 m
Site at 20 Perkins Road, Jardine’s Lookout, with a site area of 17,094 sq ft and a GFA of 10,256 sq ft, has been sold last month at HKD 850 million or around HKD 83,000 per sq ft. The new buyer is a company and has to pay 30% stamp duty of HKD 255 million.
(Sources: Vigers Research and market news)