Grade A office vacancy rate in Central at 5.2% in August
According to market news, the overall Grade A office vacancy rate on Hong Kong Island was at 7.41% in August, edged up 0.04% m-o-m. Among which, vacancy rate in Central dropped 0.37% m-o-m to 5.2%, and Sheung Wan recorded the largest monthly increase over the month.
Yuen Long site applied to construct aged home
A financial group suggested to rezone the land site at Ma Tin Pok in Yuen Long to Government, Institution or Community (5) purpose last year, and a 5-storey aged home is expected to be built. The Town Planning Board will discuss the plan today. The site has an area of 10,376 sq ft, and the total GFA is about HKD 38,578 sq ft.
Multiple units of Lippo Centre sold at HKD 115 m
Units 2, 3 & 5A, 25/F, Tower 2, Lippo Centre, Admiralty, with a total area of 5,245 sq ft, have been transacted at HKD 115 million or HKD 21,926 per sq ft. It has been the largest deal in two years. The original owner made a book profit of HKD 62.5 million and a 1.2 times appreciation in ten years.
Shop at Island Resort Mall rented at HKD 550,000
According to market news, shops 102 & 108, 1/F, Island Resort Mall, Siu Sai Wan, with a combined area of 35,000 sq ft, have been rented to Don Don Donki, involving a monthly rent of HKD 550,000 or HKD 16 per sq ft.
(Sources: Vigers Research and market news)