…the transaction, told the media that “the latest square-foot price of this shop is higher than some of the shops in core commercial area Causeway Bay”. It is understood that, after the current lease agreement expires, the telecom firm will merge its new prize with its own adjoining shop, a phone store managed by Telecom Digital that has been operating for years. The phone retailer believes the purchase will benefit its business development in the…
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12 Square Metre Hong Kong Shop Sells for US$23M
…erties can offer a yield of only 2 per cent. It doesn’t matter how big the shop is. The main thing is the width of the shop front, which is 9 feet.” Hong Kong Still Most Expensive in Asia The $23M shop (Photo courtesy of the SCMP). A study released by JLL in December last year found that Hong Kong’s rates are the most expensive in Asia. And in particular, Causeway Bay, where the Matheson Street shop is located came in at the top end. JLL found tha…
Empty Kowloon Shop Sold at 41% Loss as HK Retail Falls Victim to Virus
Shoppers have been getting scarce along Park Lane Shopper’s Boulevard A shop in Hong Kong’s Tsim Sha Tsui shopping district has been sold at a more than 41 percent loss as the city’s virus control measures crimp retail sales and push down commercial rents. A property investment firm believed to be controlled by the chairman of Shenzhen-listed Kaiser China Culture (SZ:2425) this month sold the 766 square foot (71 square metre) shop along Nathan Ro…
Shop King Buying 3 Retail Units for HK$1B and More Hong Kong Real Estate Headlines
…ffeinated heritage at a ten percent discount. Tang Shing-bor Said Buying 3 Shops for HK$1B Hong Kong’s “Shop King”, Tang Shing-bor, has agreed to acquire three retail units across the city from local restaurant chain Ho Choi Group for a combined HK$1 billion ($130 million), according to a local media report. Tang Shing-bor may be seeing some bargains The first of the trio of units is located in the Wing Kiu Building at 530 Nathan Road in Yau Ma Te…
Causeway Bay Shop Loses 14% of Value in Two Years and More Hong Kong Real Estate Headlines
…as “outdated”. Read more>> New Territories Shop Put on Sale for HK$130M A shop at the Wing Fok Centre shopping mall in Fanling which covers a total gross floor area of 32,500 square feet is being market for sale via tender with an asking price of around HK$130 million ($16.6 million). Located at 1 Luen Chit Street, the property is currently leased to a kindergarten for around HK$420,000 ($53,678) per month. The contract will end in July, 2020. Wi…
Hong Kong’s Shop King Sells Prime Causeway Bay Site for $122M
…e buildings dominated by retail and nightlife offerings in Tokyo’s upscale shopping district. Shopping Goes Vertical in Causeway Bay The site for the tea shop at 87 Percival Street was acquired for HK$250 million The Japanese-derived retail format has been gaining popularity in recent years in Causeway Bay, the world’s second-priciest shopping district. Rents CLSA Capital Partners’ 27-storey Zing! building in Sheung Wan have reportedly grown by 70…
Gap Shuts Central Store as It Closes Up Shop in Hong Kong
…he HK$20 million to HK$50 million range. Among them were a 547 square foot shop in Jordan that sold for HK$14.4 million and a 326 square foot shop in suburban Tin Shui Wai that went for HK$6.88 million. A second-storey shop in Tsim Sha Tsui’s Capital Plaza mall made history when it sold for HK$245,000. That sum was 93.5 percent less than the HK$3.54 million that the seller had paid to acquire the 120 square foot shop in 2013, according to an accou…
Shop King Buys Hang Lung Retail Centre forย HK$330Mย and More Hong Kong Real Estate Headlines
…y Causeway Bay retail district seems to be continuing its half-off sale on shop rentals, and there are many more stories if you just keep reading. Tang Shing-bor Buys HK Shopping Center from Hang Lung for HK$330M Hang Lung Properties has sold off the retail centre at its Bayview Gardens project in Tsuen Wan, to Hong Kong shop king Tang Shing-bor for HK$330 million ($42.3 million) or about HK$5,500 per square foot, according to a report in the Hong…
Hong Kong Shop King’s Try at HK$1.5B Sale Signals Shift to Senior Living
…hoping to find a buyer for 34 residential units and a single street front shop at 94 Prince Edward West in Mong Kok. Tang Shing-bor, Hong Kong’s ‘shop King,” could soon become care home royalty The investor has set a price of HK$339 million for the 21,660 square foot set of properties one minute’s walk west of the Prince Edward MTR station, or the equivalent of HK$15,697 per square foot. The Mong Kok units are leased to a nursing home, a currency…
Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature
…h exceptional flexibility, opportunities and experiences. Website: https://www.justcoglobal.com/ Facebook: https://www.facebook.com/JustCoGlobal/ LinkedIn: https://sg.linkedin.com/company/justco Instagram: https://www.instagram.com/justcoglobal JustCo Locations: Singapore 1. 6 Raffles Quay 2. 20 Collyer Quay 3. 51 Bras Basah Road 4. 120 Robinson Road 5. Asia Square Tower 2 6. AXA Tower 7. China Square Central (Opening in Q1 2020) 8. MacDonald Hous…
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