Old building at Mid-Levels West applied for compulsory sale
An old building located at 88 Robinson Road, Mid-Levels West applied for compulsory sale, and Henderson Land owned around 92% of the ownership. The site has an area of 10,361 sq ft, and a total GFA of 51,800 sq ft will be provided. The market valuation is about HKD 660 million.
Shop at Jordan transacted at HKD 23 m
Even no. shop, Shanghai Street, Jordan, with an area of 750 sq ft, has been transacted at HKD 23 million or HKD 30,667 per sq ft, 10% lower than the market price. The current monthly rent of the shop is HKD 56,000, representing a rental yield of 2.9% to the new buyer.
Villa at The Beverly Hills sold at HKD 9,838 psf
According to market news, even no. house, Boulevard Du Palais, The Beverly Hills, Tai Po, with a saleable area of 1,606 sq ft, has been changed hands at HKD 15.8 million or HKD 9,838 per sq ft. The original owner bought the villa at HKD 18 million in 2011, making a book loss of HKD 2.2 million in nine years.
Rental return of J Residence reached 5%
Unit 11, high-floor, J Residence, Wan Chai, with a saleable area of 358 sq ft, has been rented at HKD 15,400 per month or HKD 43 per sq ft, 15% lower than the market price. The owner bought the unit at HKD 3.624 million in 2006, earning a rental return of 5%.
(Sources: Vigers Research and market news)