Chuanguan Huajing Factory sells 22,000 square feet of Perth Street in Causeway Bay for over 600 million

Real estate property market

Written by: Xu Shihao

2019-11-26 16:00

The anti-revision storm continued, and the retail market was hit. It is reported that it is held by Guanhua Mirror Factory and is located at about 22,000 square feet of Percival Street in Causeway Bay. It was lost for 4 months after Xianshi Department Store (0244) returned the lease. Recently, it was sold for more than 638 million yuan.

The shop is located at the underground entrance, 1st and 2nd floors of Po Wing Building, 108-120 Percival Street, Causeway Bay, with an area of ​​about 22,000 square feet. Xianshi Department Store was rented at a monthly rent of 1.9 million yuan during the peak of the property market in 2013. In 2016 When the contract was renewed, the rent was reduced by 400,000 yuan to 1.5 million yuan.

Xianshi did not renew the lease after the contract expired in July this year. The owner reduced the rent for the shop to 1.38 million yuan. However, in recent months, social conflicts have hit the market and finally decided to sell it for more than 600 million yuan, with a price of about 29,000 square feet.

The owner is pessimistic about the market. The United States has about 60% of the shop’s eclipse.

Salsa plans to cut 30 rents in the next year, requiring owners to reduce rents and adjust staff

[Yuen Long Night] 7.21 four-month-long road, Jipu shop doubled the shop rent and reduced nearly 20%

Shop market shop