Overall Grade A office rent down 3.4% q-o-q in Q3
According to a market report, the overall Grade A office rents fell 3.4% q-o-q in Q3. Among which, office rents in Central and Wan Chai / Causeway Bay dropped 5% and 6.6% q-o-q, respectively.
Old building in Mid-Levels West will be applied for compulsory sale
An old building at 27E & 27F Robinson Road, Mid-Levels West will be applied for compulsory sale on 29 October, with a reserve price of HKD 234 million. The site has an area of 3,822 sq ft with a 6-storey old building, and Henderson Land owned around 80.55% of the ownership.
Larvotto changed hands at HKD 61 m
Unit A, high-floor, Tower 1, Larvotto, Aberdeen, with a saleable area of 1,942 sq ft, has been sold at HKD 61 million or HKD 31,411 per sq ft. The original owner bought the unit at HKD 49.09 million in 2011, making a book profit of HKD 11.91 million in nine years.
Marina Cove transacted at HKD 25.8 m
According to market news, odd no. house, House G, Marina Cove, Sai Kung, with a saleable area of 1,318 sq ft, together with a 1,931-sq-ft-garden, a 446-sq-ft-rooftop and a 36-sq-ft-terrace, has been transacted at HKD 25.8 million or HKD 19,575 per sq ft.
(Sources: Vigers Research and market news)