Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok)The spicy tax which launched by the government haven't been deterred the sophisticated investors yet,Tang Shing Bo who is the "King of Shops"have bought a number of shops recently,bought three large shops which located in Causeway Bay, Sham Shui Po and Wan Chai at one time,it is estimated that he have spent over HKD $1.0 ten billion in total,as just calculated the previous shop of GOME which located in Causeway Bay alone,have involved in HKD $6.0 ten billion,in order to calculate the total floor 17,385 feet foot,priced at HKD $34,513 per sq.ft.The news referred to Tang Shing Bo purchased this shop individually,it is believed that he need to pay double stamp duty (DSD) amounted to HKD $5.1 ten million.
Retrieve information,Tang Shing Bo seemed " soft spot " to the large shops which located in underground and 1-3 floor of Thai-Kong-Building,482 Hennessy Road,Causeway Bay,as early as 1991 and 2008,he have spent HKD $4.8 ten million and HKD $1.38 billion respectively buying the properties above in two times ,with a total cost of about HKD $1.86 billion,after a successful merger into a large shop,and sold it in 2010 to about HKD $3.55 billion sold to Mrs.Lee of Siu On Realty Company Limited and other relevant parties,first made the book profit of HKD $1.69 billion,then the property have monthly leased to the GOME of HKD $830,000 per month.
Bought the shop in HKD $6.0 billion,HKd 434,5513 per sq.ft
And the GOME have moved out in the earlier of last year,the landlord Mrs Lee of Siu On Realty Company Limited have launched out the leasing of HKD $2.5 million per month,but hasn't been undertaking,and the shop have been repurchased by Tand Shing Bo in HKD $6.0 billion recently,Mrs Lee have got a book profit of HKD $2.45 billion,profit increase of 69%.And after Tang Shing Bo have purchased it,the market passed the news of there are a sport shop intent to rent it in HKD $1.4 million per month,the asking price slashing 44% when compared to the last year's price,but still 68.7% more expensive than the original lease of the GOME,in order to calculate by this,the return on property rate of 2.3 % per annum.
The shop have been more widely known is rented by Gome,and as the flagship store,as the brand have closed across the board in the early of last year,the shop has been waiting for a new tenant.There were industries in the same are refer to the shop located on Hennessy Road,Lot grade and is far from the central area,because there are banks,watches and jewelery shops,more different types of outlets such as piano,restaurants presence in Hennessy Road in recent years,so the positioning confusion,therefore the value of the location Somewhat less than the location of Causeway Bay.
Tang Shing Bo interview with out reporter yesterday,generous recognition to buy that shop in HKD $6.00 billion.In addition,except buying the previous shop of the GOME,also spent HKD $1.6 billion to purchase parts of the floor which located in No.1 to No.3,Ki Lung Street,Sham Shui Po,and also has purchased adjoining No.5 to NO.7,MAY have the opportunity to merge together and with a site area expanded to about 4,000 feet.
TPB data refers to a site have zoned as "Residential ( Group A ) "zone,can rebuild residential and commercial properties in nine times,with a total gross floor 36,000 feet.
The market passed the news of Tang Shing Bo have purchased the Chuang's Enterprises Building
The market passed the news of Tang Shing Bo have purchased 1/F to 3/F of the Chuang's Enterprises Building which located in No.382 Lockhart Road,Wan Chai in several billion,but due to the fact that he purchased it with the company name,so it need to be secrecy and haven't disclose any trading details.It is reported that the area of the shop has reached 17,666 feet,the original owners is the Chief Executive Officer of Yukie Group Tong man Leung and other stakeholders in 2007 to HKD $1.229 billion to buy.
Tang Shing Bo has been very active in recent years,have sold out a number of whole industrial buildings,shopping centers and old properties last year,many of them are the industrial buildings projects,including the success of the center in Kwai Chung,two blocks of industrial buildings which located in Chai Wan Kok Street,Tsuen Wan and the the whole block of Candy Novelty House which located in Kwun Tong,as well as the whole block of Cheung Fai industrial Building,Kwun Tong.Except for the industrial buildings,Tang Shing Bo have sold out No.2 to No.6 of Mau Lam Street,Jordan in HKD $4.30 billion last year,etc.Revitalization of industrial buildings have stepped into harvest period last year,increase the proportion of the family to sell goods,cashed in about HKD $6.0 ten billion.
Although DSD which launched out last year have covered the industrial and commercial shops,but Tang Shing Bo therefore haven't been deterred,except purchased the shops last year,but also bought a basket of units which located in No.148 to No.150A 148 of Austin Road,Tsim Sha Tsui at a price of HKD $3.98 billion.Chuang's Enterprises Building have also recorded another big hand transaction yesterday,there are 14 floors sold out in HKD $3.6 billion,provided a total area of approximately 37,225 feet,equivalent to about HKD $9,671 per square foot,the original owner is the investor Ki Bo.
