Luxury Real Estate Blog and News
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.
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 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 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.
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.
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.
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.
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.
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