Sai Wan old building applied for compulsory sale
Old building located at 93-95 Catchick Street, Sai Wan applied for compulsory sale, and Eminence Enterprise Limited owned around 91.7% ownership. The site has an area of 2,182.25 sq ft, and the market valuation is about HKD 138 million.
Broadway moved out Mong Kok giant shop
According to market news, Broadway decided not to renew the lease of the giant shop on G/F-4/F, Wang On Building, 73-81 Argyle Street, Mong Kok. With a combined area of 25,016 sq ft, it was rented at HKD 2.6 million per month or HKD 104 per sq ft. The lease ended in September this year, and the shop has already closed.
Tsuen Wan shop changed hands with a loss
According to market news, Shop B1, G/F, Block B, Wah Shing Building, 80-84 Hau Tei Square, Tsuen Wan, with an area of 1,000 sq ft, has been transacted at HKD 22.8 million or HKD 22,800 per sq ft. The monthly rent of the shop is HKD 80,000, representing a rental return of 4.2% to the new buyer. The original owner made a book loss of HKD 4.7 million and a 17.1% depreciation in four years.
Seymour Place sold with 16% discount
Unit A, high-floor, Seymour Place, 60 Robinson Road, Mid-Levels West, with a saleable area of 1,033 sq ft, has been sold with HKD 3.8 million or 16% discount at HKD 20 million or HKD 19,361 per sq ft. The original owner bought the unit at HKD 11.38 million in 2008, making a book profit of HKD 8.62 million in 12 years.
(Sources: Vigers Research and market news)