Industrial building in Tsuen Wan paid land premium of HKD 1.415 b
Winner Godown Building, 503-515 Castle Peak Road and 1-9 Sha Tsui Road in Tsuen Wan paid the land premium of HKD 1.415 billion in August. With a total GFA of 497,900 sq ft, the premium was about HKD 2,841 per sq ft.
Vacancy rate in 4 major retail districts reached 12.6%
According to a market report between July and August, there were 945 unoccupied shops in the 4 major retail districts including Tsim Sha Tsui, Mong Kok, Causeway Bay and Central, increased 95% y-o-y. The vacancy rate was 12.6%, among which, Causeway Bay recorded the highest vacancy rate of 18%.
Shop at Tai Wai changed hands at HKD 23.08 m
Shop 4, G/F, Carado Garden, 20-30 Tin Sam Street, Tai Wai, with an area of 700 sq ft, has been transacted with 34% discount at HKD 23.08 million or HKD 32,971 per sq ft. The transaction price is 5% lower than the market price. The current monthly rent of the shop is HKD 80,000, representing a rental return of 4.2% to the new buyer.
Harbour One sold at HKD 28.8 m
Unit D, high-floor, Harbour One, Kennedy Town, with a saleable area of 1,127 sq ft, has been sold at HKD 28.8 million or HKD 25,555 per sq ft. The original owner bought the unit at HKD 25.88 million in 2011, making a book profit of HKD 2.92 million.
(Sources: Vigers Research and market news)