The Limited Times

Now you can see non-English news...

Restaurant closing nursing homes increase rent by 18% against the market, monthly rent of 650,000, rush to rent the upper floor of King's Road, North Point

2019-11-28T12:20:06.949Z


The demonstration conflict caused by the anti-revision law has dragged down the retail and catering industries, and some restaurants have also closed. Some people in the industry predict that if the demonstration continues until the Lunar New Year, the number of restaurants may close. But also recently


Real estate market

Written by: Xu Shihao

2019-11-28 20:09

Last updated: 2019-11-28 20:10

The demonstration conflict caused by the anti-revision law has dragged down the retail and catering industries, and some restaurants have also closed. Some people in the industry predict that if the demonstration continues until the Lunar New Year, the number of restaurants may close. However, there are also elderly homes in the near future that are on the right time and are rushing to rent a building that was formerly a restaurant.

Advancing rent by nearly 20%

According to the Central Plains, on the 1st floor of No. 480 King's Road, North Point, the shop was launched to compete with many groups of homes for rent. It was eventually leased for about 650,000 yuan per month, which was an increase of nearly 20% against the previous rent. Chen Kai, deputy district business director of the Commercial Department of Central Plains (Industrial and Commercial Shop), stated that the lease was located on the first floor of No. 480 King's Road, North Point, covering an area of ​​approximately 16,728 square feet, with a monthly rent of approximately 650,000 yuan, with an average rent of approximately 39 yuan. Guest home for the elderly.

It is known that the former tenant of the shop has been engaged in restaurants and has rented properties for more than 30 years. However, due to the recent market influence, it was decided to terminate the lease earlier. At that time, the monthly lease was 550,000 yuan. The owner will soon launch a project for market renting, attracting several elderly homes to actively negotiate for rent. Finally, this time the tenants will settle in, and the new rent will rise by about 18% against the market.

Chen Kai continued, Hong Kong's demand for nursing homes has been strong. The government announced this year that it would purchase properties for social welfare facilities for about 20 billion yuan. The document released in the middle of the year pointed out that elderly care services accounted for the largest proportion, showing the demand for bunks in related industries. huge. In addition, the elderly service industry has certain requirements for leased shops, and the limited number of eligible properties in the market makes the shops more sought-after.

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

Owners' pessimistic Midland on the shop market: about 60 shops will lose 28% of the market

Sa Sa plans to close 30 shops in the next year and continue to require owners to reduce rents and adjust staffing

Shop market shop

Source: hk1

All news articles on 2019-11-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.