{"id":9939,"date":"2020-08-07T02:36:12","date_gmt":"2020-08-07T02:36:12","guid":{"rendered":"http:\/\/vigers.com\/website\/?p=9939"},"modified":"2020-08-07T02:36:12","modified_gmt":"2020-08-07T02:36:12","slug":"news-headlines-7-8-2020","status":"publish","type":"post","link":"https:\/\/vigers.com\/website\/2020\/08\/07\/news-headlines-7-8-2020\/","title":{"rendered":"News Headlines 7.8.2020"},"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]Private residential completion recorded 1,365 units in June<\/strong>
\nThe Rating and Valuation Department announced that private residential completion recorded 1,365 units in June, dropped 63.64% m-o-m. A total of 11,371 units were completed in 1H of the year, up 98.31% y-o-y, accounting for around 54.5% of the whole year target.<\/p>\n

Champagne Court applied for compulsory sale<\/strong>
\nChampagne Court Block B, 16 Kimberly Road, Tsim Sha Tsui applied for compulsory sale, and Henderson Land owned around 80% of the ownership. The site has an area of 12,283 sq ft, and the market valuation is about HKD 1.093 billion.<\/p>\n

Shop rent in Central slashed 35.7% <\/strong>
\nStreet shop, B\/F-1\/F, The Chinese Club Building, 21-22 Connaught Road Central, Central, with a total area of 6,060 sq ft, has been rented at HKD 450,000 per month or HKD 74 per sq ft. The new rent is 35.7% lower than the previous rent.<\/p>\n

Concordia Plaza sold at HKD 36.378 m <\/strong>
\nUnits 9-11, 20\/F, Concordia Plaza, Tsim Sha Tsui, with a combined area of 2,842 sq ft, have been sold at HKD 36.378 million or HKD 12,800 per sq ft. The original owner purchased the units at HKD 31.13 million in 2008, making a book profit of HKD 5.248 million and a 16.9% appreciation in 12 years.<\/p>\n

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

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