Real estate market
Written by: Xu Shihao
2020-04-09 21:54
Date of last update: 2020-04-09 22:01The retail market was hit by the "New Crown Pneumonia" epidemic, and shop rents fell back. Some shops rented out after 30% reduction.
Zeng Ziqiang, Senior District Business Director of the Central China (Industrial and Commercial Shop) Department of Shops, said that Shops 4 and 5 on the ground floor of Fengyuxuan, 40-54 Castle Peak Road, Yuen Long, have a total area of about 1,545 square feet. The new tenant is engaged in the retail industry.
It is understood that the old tenant is a chain of personal care product stores, which moved out in mid-March this year. The old rent is about 250,000 yuan per month. Less than one month has been rented by new tenants, and the new rent has fallen about 30%. Zeng added that the former tenant had decided not to renew the lease last year. The landlord immediately launched the market for renting, intending to rent a monthly lease of 280,000 yuan. Afterwards, he encountered social events and pneumonia epidemics. About 220,000 yuan, and finally adjusted and reduced to rent.
Zeng said that local consumption in Yuen Long District is ideal, and residents in areas such as Tuen Mun and Tin Shui Wai will also consume in Yuen Long District. The main road with light rail station exit is highly sought after by tenants. Recently, due to market conditions, Da Road Shop rents have also dropped slightly, but they have successfully attracted some high-quality tenants to enter the bargain bargaining area. About 4 shop rental cases have been recorded last month.
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Shop market
