Chinachem Group wins Sai Kung land
The tender of the residential site at Ho Chung, Sai Kung has been awarded to Chinachem Group, announced by the Lands Department. It has been sold at HKD 532 million. The site has an area of 38,352 sq ft, with a total GFA of 57,523 sq ft, the accommodation value was about HKD 9,246 per sq ft.
Le Petit Rosedale Hotel Hong Kong sold at HKD 460 m
Le Petit Rosedale Hotel Hong Kong in Causeway Bay has been sold at HKD 460 million. With a total GFA of 31,000 sq ft, the unit price was around HKD 14,700. The hotel offers 94 rooms, and each room valued HKD 4.89 million.
The Belcher’s changed hands at HKD 34.28 m
Unit G, mid-floor, Tower 1, The Belcher’s, Mid-Levels West, with a saleable area of 1,241 sq ft, has been changed hands at HKD 34.28 million or HKD 27,623 per sq ft. The original owner bought the unit at HKD 13.36 million in 1999, making a book profit of HKD 20.92 million in 21 years.
Shop at Chai Wan Road transacted at HKD 52.8 m
Shop B, G/F, Walton Estate, 341-343 Chai Wan Road, Chai Wan, with an area of 2,400 sq ft, has been transacted at HKD 52.8 million or HKD 22,000 per sq ft. The monthly rent of the shop is HKD 163,000, representing a rental return of 3.7% to the new buyer.
(Sources: Vigers Research and market news)