Old building in Sai Wan unified ownership
Ownership of an old building at 99-101 Des Voeux Road West, Sai Wan was successfully unified by Tai Hung Fai Enterprise yesterday at HKD 302 million. The project is expected to be developed into a Grade A office building with nearby site. The sites have a combined area of 22,000 sq ft, and a maximum GFA of 330,000 sq ft will be provided after development.
Grade A office vacancy rate in Kowloon district at 11.61% in June
According to market news, the overall Grade A office vacancy rate in Kowloon district was 11.61% in June. Among which, the vacancy rate in Kowloon Bay and Kwun Tong recorded 21% and 13.54%, respectively.
Vibe Centro sold at HKD 35,536 psf
Two units of Vibe Centro in Kai Tak were sold through tender yesterday, cashing in HKD 64.23 million. Among which, Unit F, 36/F, Tower 2A, with a saleable area of 925 sq ft, has been transacted at HKD 32.8706 million or HKD 35,536 per sq ft.
Shop rent at Wan Chai slashed 24%
According to market news, the leasing agreement of Shop 01, G/F, Opulent Building, 396-416 Hennessy Road, Wan Chai, with an area of 1,366 sq ft, has been renewed by chained fashion store at HKD 130,000 per month or HKD 95.1 per sq ft. The new rent is 24% lower than the previous rent.
(Sources: Vigers Research and market news)