Sheung Wan Luxury Homes and villas
Sheung Wan Luxury Property Search
Units 01-06 of a mid-floor in Shun Tak Centre West Tower, Sheung Wa, with an area of around 5,390 sq ft, has been changed hand at HKD 110 million, or HKD 21,000 per sq ft, according to market news.
The average rental cost for Central and Sheung Wan grade A office has risen to HKD189 per sq ft this year, superseded London in the UK and Financial Street in Beijing.
Henderson Land Development has recently bought a construction site at 1-4 Ladder Street, Sheung Wan from another developer for a price of HKD 111 million, or HKD 7,762 per sq ft of permissible GFA.
Ovolo, one of Hong Kong’s leading owner-operators of luxury serviced apartments, has upgraded its latest property at 222 Hollywood Road.
Luxury property values in Hong Kong will continue its decline for the rest of the year, but it won’t be a precipitous drop, property consultants maintain.
Store rents at shopping malls in Hong Kong may dip somewhat but the slide for high-end street level retail spaces has yet to bottom out.