Old building at Mid-Levels West unified ownership
Ownership of an old building at 27E & 27F Robinson Road, Mid-Levels West was successfully unified by Henderson Land at HKD 234 million. The site has an area of 3,822 sq ft, and it is expected to be redeveloped into a 20-storey residential building.
Commercial transactions up 18.1% q-o-q in Q3
According to market news, 293 commercial transactions were recorded in Q3 2020, increased by 18.1% q-o-q, among which, around 40% of the transactions with a price of HKD 3 million or below. While the total consideration recorded HKD 4.258 billion, plunged 25.7% q-o-q.
Shop at North Point sold with HKD 22 m loss
According to market news, street shop, G/F-1/F, Siu Wah Building, Tsat Tsz Mui Road, North Point, with a combined area of 5,800 sq ft, has been changed hands at HKD 50 million or HKD 8,621 per sq ft. The original owner bought the shop at HKD 72 million in 2015, making a book loss of HKD 22 million and a 30% depreciation in five years.
Villa at Shek O changed hands at HKD 48 m
A villa, 20A Headland Road, Shek O, Southern District, with a saleable area of 2,333 sq ft, has been transacted at HKD 48 million or HKD 20,574 per sq ft. The original owner made a book profit of HKD 29.02 million in 16 years.
(Sources: Vigers Research and market news)