Real estate market
Written by: Lin Leqian
2020-03-30 15:30
Last updated: 2020-03-30 15:30The new crown pneumonia epidemic is raging, the retail market has been hit, and the shop market has also been dragged down. Shops at Pendulum Street in Central, held by artist Nicholas Tse, have also been asking for rent recently, and the monthly peak period has dropped by 63%.
According to market news, the ground floor and linked attic of No. 26 Baihua Street, Central, with an area of about 700 square feet, were recently leased for 73,000 yuan, and rented for 103 yuan per square foot.
It is reported that the shop was rented to a shoe store for 200,000 yuan per month in 2012, and the last lease was reduced to 110,000 yuan, and the latest rent was about 34% to 73,000 yuan. Compared with the peak period, the latest rent levels have decreased by 63%. The shop was purchased by Nicholas Tse for $ 117 million in 2012 and the rental return was only 0.75%.
In addition, the shop at No. 28, Baihua Street, which is also owned by Nicholas Tse, has an area of about 1,200 square feet. It is rented by the wine shop for 85,000 yuan per month.
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