{"id":10484,"date":"2020-10-21T02:57:49","date_gmt":"2020-10-21T02:57:49","guid":{"rendered":"http:\/\/vigers.com\/website\/?p=10484"},"modified":"2020-10-21T02:57:49","modified_gmt":"2020-10-21T02:57:49","slug":"news-headlines-21-10-2020","status":"publish","type":"post","link":"https:\/\/vigers.com\/website\/2020\/10\/21\/news-headlines-21-10-2020\/","title":{"rendered":"News Headlines 21.10.2020"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1\/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1\/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]Grade A office vacancy rate in Central at 7.2% in September<\/strong>
\nAccording to market news, the overall Grade A office vacancy rate was at 7.9% in September. Among which, vacancy rate in Central increased to 7.2% over the month, and its Grade A office rent accounted for an accumulated drop of 23.8% this year.<\/p>\n

Shop rent in Causeway Bay at HKD 171 psf <\/strong>
\nAccording to market news, street shop, G\/F, Lockhart Road, Causeway Bay, with an area of 700 sq ft, has been rented at HKD 120,000 per month or HKD 171 per sq ft. The new rent is 59% lower than the previous rent, returning to the level ten years ago.<\/p>\n

The Redhill Peninsula changed hands at HKD 43.88 m <\/strong>
\nUnit A, low-floor, Tower 7, The Redhill Peninsula, Tai Tam, with a saleable area of 1,567 sq ft, has been transacted with HKD 1.1 million discount at HKD 43.88 million or HKD 28,003 per sq ft. The original owner made a book profit of HKD 12.131 million and a 38% appreciation in five years.<\/p>\n

Entire floor of Mong Kok industrial building sold at HKD 28 m <\/strong>
\n13\/F, Fook Chiu Factory Building, 20 Bute Street, Mong Kok, with an area of 7,182 sq ft and a rooftop, has been sold at HKD 28 million or HKD 3,899 per sq ft. The original owner made a book profit of HKD 27.48 million and a 52.7 times appreciation in 48 years.<\/p>\n

(Sources: Vigers Research and market news)<\/em><\/p>\n

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