Luxury Real Estate Blog and News
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.
Ap Lei Chau
A top-floor unit at Flats G, 40/F, Block 17, South Horizons, Ap Lei Chau, with a saleable area of 1,329 sq ft and a 452-sq-ft open area, was sold by auction yesterday.
2 units at Flat B, Low-Floor, Block 1, Eden Gate, Kowloon Tong, both with an area of 1,464 sq ft, has been purchased by a mainland buyer for HKD 107 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
A 3-room unit at Flat B, High-Floor, Hoi Shing Building, North Point, with a saleable area of 670 sq ft, has been rented with a monthly rent of HKD 24,800, or HKD 37 per sq ft per month.
The average rental cost for Central and Sheung Wan grade A office has risen to HKD189 per sq ft this year, superseded London in the UK and Financial Street in Beijing.