22 residential transactions recorded in Yuen Long over long weekend
A total of 22 residential transactions were recorded in Yuen Long over the long weekend, among which, a top-floor unit, Tower 12, The Reach, Yuen Long, with a saleable area of 414 sq ft and a 199-sq-ft-rooftop, has been sold at HKD 5.98 million. The unit price was HKD 14,444.
Shop at Mong Kok changed hands at HKD 31 m
A street shop, G/F-M/F, 108 Fa Yuen Street in Mong Kok, with a total area of 1,800 sq ft, has been changed hands at HKD 31 million or around HKD 17,000 per sq ft. The current rent of the shop is HKD 71,000 per month, representing a yield of 2.8% to the new buyer.
Tuen Mun shop rent slashed 13%
According to market news, shops 05-07, G/F, Hong King Garden, 4-70 Tsing Sin Street, Tuen Mun, with a combined area of 2,253 sq ft, have been rented at a monthly rent of HKD 85,000 or HKD 37.7 per sq ft. The new rent is 13% lower than the previous rent, returning to the level five years ago.
Unit at Braga Circuit sold at HKD 38 m
A low-floor unit, 34J Braga Circuit, Kadoorie Hill, Ho Man Tin, with a saleable area of 1,981 sq ft, has been transacted last month at HKD 38 million or HKD 19,182 per sq ft. The buyer is the first-time buyer, paying stamp duty of HKD 1.615 million.
(Sources: Vigers Research and market news)