Olympic Godown in Yau Tong applied to construct a residential building
A financial group suggested to redevelop Olympic Godown, 8 Sze Shan Street in Yau Tong into a 23-storey commercial and residential building, supplying 445 residential units. The site has an area of 38,600 sq ft. With the plot ratio of 6.4, a total GFA of 246,000 sq ft will be provided, among which, 193,000 sq ft will be used for residential purposes.
Villa at Residence Bel-Air sold at HKD 180 m
Odd no. house, Phase 3, Residence Bel-Air, Pok Fu Lam, with a saleable area of 3,308 sq ft, a 1,977-sq-ft-garden and a 1,503-sq-ft-rooftop, has been sold at HKD 180 million or HKD 54,414 per sq ft.
Shop at Wan Chai transacted at HKD 23.5 m
According to market news, street shop, G/F, 41-47 Morrison Hill Road, Wan Chai, with an area of 1,700 sq ft, has been transacted at HKD 23.5 million or HKD 13,800 per sq ft. The current monthly rent of the shop is HKD 62,000, representing a yield of 3.2% to the new buyer.
Victoria Skye sold with a loss
Unit D, low-floor, Tower 3, Victoria Skye, Kai Tak, with a saleable area of 343 sq ft, has been changed hands at HKD 7.48 million or HKD 21,808 per sq ft. The original owner bought the unit at HKD 8 million in 2017, the actual loss was about HKD 900,000 if including stamp duties and agency commission.
(Sources: Vigers Research and market news)