Price of Tuen Mun street shop rises HKD 21.5 million in a year
October 31, 2016 - Tuen Mun
Street shop with mezzanine floor in Man Cheung Mansion at 1-2 Tuen Mun Heung Sze Wui Road, with a total GFA of 3,600 sq ft, was recently sold for HKD 100 million, or HKD 27,800 per sq ft, according to market sources.
The original owner bought the property a year ago and made a HKD 21.5 million book profit in the recent transaction.
The shop is currently leased at a monthly rent of HKD 250,000, or HKD 69.4 per sq ft, providing a rental yield of around 3%.
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