Luxury Real Estate Blog and News
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.
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.
Mount Nicholson at the Peak sold Villa No. 9 and No.11 through tender, which closed last Friday (18 November).
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.
The entire floors of 22/F and 32/F of Far East Financial Centre in Admiralty, with a total GFA of 21,352 sq ft, was recently sold for HKD 650 million to a consortium.
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.
Villa 25A, 23-39 Blue Pool Road, Happy Valley, with an area of 4,571 sq ft, has been purchased by a company for HKD 301.8 million, or HKD 66,025 per sq ft.
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.