Transactions in Taikoo Shing rise 86%
December 12, 2016 - TaiKoo Shing
The month's average square footage transaction price is HKD 15,200 and around half of the units were sold with an existing lease. A mid-floor unit E in Hsia Kung Mansion of the estate was recently sold with an existing lease for HKD 10.38 million, or HKD 14,578 per sq ft.
The current rent for the unit is HKD 32,000 per month and the new buyer is expected to enjoy a rental yield of 3.7%.
Trends, property transactions