Regency Bay launched remaining units for HKD 18,729 per sq ft
Forty-seven remaining new units of the Regency Bay in Tuen Mun have been launched for HKD 18,729 per sq ft. The sales will be on a first-come, first-serve manner this Saturday.
Marina Cove changed hands at HKD 55 m
An even number house at Marina Cove Isola Bella in Sai Kung, with a saleable area of 1,922 sq ft and a 800 sq ft garden, was sold for HKD 55 million, or HKD 28,616 sq ft. The property also offers a lake view and a boat space of close to 24 sq ft. The original owner purchased the property for HKD 29.5 million in 2007, with an estimated book profit of around HKD 25.5 million upon such disposal.
Wai Yuen Tong has a short-term lease on Jardine’s Bazaar
Wai Yuen Tong leased a shop and 1/F with a total floor area of 950 sq ft at No. 34 Jardine’s Bazaar in Causeway Bay, for a monthly rent of HKD 125,000, or HKD 131.5 per sq ft. The shop was also in a short-term lease previously. Moreover, the shop has been pre-leased by another tenant for HKD 100,000 per month in a short-term lease form in coming November, representing a 20% decrease in rent.
(Sources: Vigers Research and market news)