Govt to sell two residential sites in coming quarter
The Development Bureau announced the quarterly land sale programme for October to December 2020. Two residential sites from The Peak and Kai Tak will provide 630 units in total. Together with MTR Corporation’s Wong Chuk Hang Station Phase 5 project and other supplies, a total of 2,780 units are expected to offer in the coming quarter. The private housing land supply in the first three quarters has a total capacity of providing 7,400 units, reaching around 57% of the target this year.
Duplex unit of Vibe Centro sold at HKD 45.6 m
A duplex unit C58, 5/F & 6/F, Tower 5, Vibe Centro, Kai Tak, with a saleable area of 1,260 sq ft and a 526-sq-ft-rooftop, has been sold at HKD 45.6 million or HKD 36,190 per sq ft.
Entire floor of Euro Trade Centre transacted at HKD 150 m
14/F, Euro Trade Centre, 21-23 Des Voeux Road Central, Central, with an area of 5,261 sq ft, has been transacted at HKD 150 million or HKD 28,512 per sq ft. The original owner made a book profit of HKD 133 million and a 8.2 times appreciation in 17 years.
Shop rent in Yuen Long slashed 35%
According to market news, Shop 1, G/F, 101-121 Kau Yuk Road, Yuen Long, with an area of 800 sq ft, has been rented at HKD 40,000 per month or HKD 50 per sq ft. The new rent is 35% lower than the previous rent.
(Sources: Vigers Research and market news)