Luxury Real Estate Blog and News

Batch of properties in Wah Ming Centre said to be sold for HKD 680 million

December 28, 2016 - Sai Wan
A batch of properties with total GFA of 109,600 sq ft in Wah Ming Centre, 421 Queen's Road West, Sai Wan is said to be sold recently for a total of HKD 680 million.

Bank of America Tower in Central broke record at HKD 35,000 psf

December 23, 2016 - Central
According to market news, Unit 19, Mid-Floor, Bank of America Tower, Central, with an area of 674 sq ft, has been transacted at HKD 23.59 million, or HKD 35,000 per sq ft.

Prosperity REIT purchased Kwun Tong View for HKD 1.875 billion

December 19, 2016 - Kwun Tong
Prosperity REIT purchased the entire office building of Kwun Tong View in Kwun Tong for HKD 1.875 billion, or almost HKD 13,000 per sq ft.

L'Occitane moving out Causeway Bay shop, rent slashing 39%

December 06, 2016 - Causeway Bay
L'Occitane will move out its current shop at 527 Lockhart Road, Causeway Bay, which is rent for HKD 780,000 per month, after the lease ends.

Street shop at San Kan Street, Sheung Shui sold for HKD 29,000 psf

December 02, 2016 - Sheung Shui
According to market news, a street shop located at Sheung Shui livelihood area, 27-35 San Kan Street, with an area of around 500 sq ft, has been changed hand for HKD 14.5 million.

Burberry's giant shop at Silvercord gets 30% rent cut

November 30, 2016 - Tsim Sha Tsui
British brand Burberry currently rents Shop G4-G5, G/F, Shop 104-106, 1/F & Shop 207-209, 2/F, Silvercord, Tsim Sha Tsui, with a total area of 10,100 sq ft, for HKD 6.5 million per month.

Average rent of Causeway Bay ranks second around the globe

November 29, 2016 - Causeway Bay
According to market report, the average rent of Causeway Bay, which ranks the second worldwide, is HKD 1,871 per sq ft, dropped 15.5% y-o-y.

Abercrombie & Fitch to close Central flagship store

November 25, 2016 - Central
American chain Abercrombie & Fitch has decided to close its flagship store in Central in July - despite incurring a break-lease cost of HK$125 million.

Lease for Laforet large street shop renewed at 50% discount

November 22, 2016 - Causeway Bay
The chain jewellery shop, Chow Tai Fook, is currently renting a 7,009-sq-ft street shop in Laforet, Causeway Bay, with tenancy ending at the end of this month

Lang Ching Place sold for HKD 450 million

November 15, 2016 - Mong Kok
According to market news, an entire block of Mong Kok’s ginza-style commercial building, Lang Ching Place, was sold for HKD 450 million.