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Shau ​​Kei Wan Duhuidong rents 30,000 yuan per month to find Yutai Xing Luo Shouyao: rent returns to the level of two or three years ago

2020-07-08T09:46:07.113Z


The old property developer Yutaixing's Shau Kei Wan residential project "Duhui East Grand Metro East" rented the whole building, and commissioned Midland Real Estate exclusive agent, involving 20 units, mainly three rooms with suites, intending to rent 45 feet


Real estate market

Written by: Lin Leqian

2020-07-07 14:02

Date of last update: 2020-07-07 16:02

The old property developer Yu Taixing's Shau Kei Wan residential project "Duhui East Grand Metro East" rented the entire building, and commissioned Midland Real Estate as an exclusive agent, involving 20 units, mainly three bedrooms and suites, intending to rent about 45 to 50 yuan per square foot The monthly rent is expected to be within 30,000 yuan.

The project is located at No. 363 Shaukeiwan Road. It is designed for a staircase and a gang. It provides 20 units, including 19 units of standard households. The practical area is 632 square feet. It is mainly composed of three-bedroom suites. There is also a two-bedroom suite design. There is a group of penthouses on the top floor, with an area of ​​1,147 square feet. Luo Shouyao, managing director of Yutaixing, pointed out that the rental pricing is cheaper than projects in the same district and is expected to attract many family customers. The company began investing in this project 10 years ago, and the price per square foot is only several thousand yuan. Even if the rent is adjusted back, the rate of return is still expected There are more than 10%, with monthly rental income of 600,000 to 700,000 yuan.

Luo Shouyao continued that Hong Kong's economy has seen a pullback before the epidemic, and residential rents have fallen back to the level of two or three years ago. The properties under their ownership have not been increased in the past year. The price will remain flat or fall slightly within 5%. However, he described that one or two years of weak market will not undermine the company's confidence in Hong Kong. It is expected that the market will continue to improve in the future, and will maintain the company's policy of "only renting, not selling", and consider the whole building when the market conditions improve. Property sales.

Luo Shouyao (second from right), Managing Director of Yutaixing, said that the economy of Hong Kong has already seen a pullback before the epidemic, and residential rents have fallen back to the level of two or three years ago. (Photo by Lin Leqian)

Yutaixing: main acquisition and old building reconstruction project

Yu Taixing has rarely invested in land in recent years. Luo Shouyao said that in the past, the Group has mainly cooperated with large developers to invest in land, but currently there are not many small development projects, and mainland developers have joined the competition. This has led to fewer land investment opportunities. The Group will focus on private market acquisitions. , And the development of old building reconstruction projects.

After the adoption of the National Security Law in the Minato District, Luo Shouyao believes that the law is still a question of whether the economic recovery will have an immediate impact. However, the social movement has a wide impact on the overall livelihood and the market. The society needs a way to stop this unpredictable impact. Asked if he would worry about the foreign companies' investment, he pointed out that many domestic companies have returned to Hong Kong for listing, which proves that the status of Hong Kong's financial center is unbreakable. Foreign investment banks focus on money and will not easily abandon the Greater China market.

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New market conditions

Source: hk1

All news articles on 2020-07-08

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