Luxury Real Estate Blog and News
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.
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.