Luxury Real Estate Blog and News
Investment in Hong Kong office and retail properties plunged by 52% last year to HK$$68.9 billion (US$8.9 billion), the largest decline in a single year since 2011.
Tsim Sha Tsui
The US fast food giant McDonald’s is seeking to sell a prime street level shop in Hong Kong worth HK$1 billion (US$127.4 million)
According to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.
The Standard Chartered Bank rented the entire 9/F, Standard Chartered Bank Building, Central, with an area of around 7,500 sq ft, and has decided to move out and put it up for lease earlier.
The shop will be rented by Victoria’s Secret for a monthly rent said to be HKD 7 million, dropped by almost half compared with Forever 21’s current rent.
A super small shop at G/F, 15-27 Cannon Street, Causeway Bay, with a gross area of about 256 sq ft, was sold at HKD 49 million, or HKD 191,400 per sq ft on November 10.
According to market news, the street shop at G/F, 9 Sing Woo Road, Happy Valley, with an area of 1,100 sq ft and a 800-sq-ft cockloft, has been changed hand at HKD 52 million.
Shop A & F, G/F, & B/F, 46-54 Yee Wo Street, Causeway Bay (with a billboard), has been changed hand for HKD 200 million.