Grade A office price down 0.3% m-o-m in August
According to a market report, the overall Grade A office price decreased by 0.3% on a monthly basis in August, and it has been dropped for 14 consecutive months. An accumulated drop of 9.6% was recorded this year. Among which, Grade A office price in Sheung Wan dropped 1.3% m-o-m or 29% y-o-y.
Secondary residential transactions in Yuen Long up 36% m-o-m
According to market news, in September, a total of 110 secondary residential transactions were recorded in Yuen Long as at 20 September, up 36% m-o-m. Among which, Unit H, high-floor, Tower 1, Twin Regency, with a saleable area of 378 sq ft, has been sold at HKD 5.68 million or HKD 15,026 per sq ft.
Shop at Reclamation Street sold at HKD 32.5 m
Shop A, G/F, 279-281 Reclamation Street, Mong Kok, with an area of 1,000 sq ft, has been transacted at HKD 32.5 million or HKD 32,500 per sq ft through company transfer. The total monthly rent of the shop is HKD 110,000, representing a rental return of 4.06% to the new buyer.
Shop rent at Prat Avenue up 9%
A snack shop has renewed the lease of shop C, G/F, Rose Mansion, 1 Prat Avenue, Tsim Sha Tsui at a monthly rent of HKD 250,000. With an area of 350 sq ft, the unit rent was HKD 714. The new rent is 9% higher than the previous rent.
(Sources: Vigers Research and market news)