Long-term owners buy Jordan shop with low market value of 20%

Price per square foot is 27,200 yuan, 37% reduction in rent

The government has relaxed restrictions on the number of non-residential mortgages, which has stimulated the recent transactions of industrial and commercial properties, but the cost is still low. According to market sources, the single-numbered shop on Parkes Street in Jordan has sold 40% of the goods for 21.8 million HKD by "long-term owners". Based on 800 square feet of building area, the price is about 27,200 HKD per square foot. 20%. In addition, the single-numbered ground shop on Kowloon City Road in To Kwa Wan was also reduced after the original owner’s financial difficulties. It was just sold for 24.5 million yuan, and the book lost 1 million yuan. ■reporter Li Zitian

According to market news, Shop A, G/F, 29-31 Parkes Street, Jordan, has a building area of 800 square feet and a rent of 67,500 yuan. The lease term is until November 15, 2021, with a return of 3.7%. The tenant is a tea restaurant. But now the epidemic has reduced rents to 42,000 yuan, a decrease of about 37%, and returns have fallen to 2.3%. The original owner asked for 36 million yuan. After bargaining, the price was 40% and the transaction was sold at 21.8 million yuan. The original owner bought it with 557,000 HKD in March 1978, and its holdings have appreciated 38 times in 42 years.

Li Genxing, founder of the Shenghui Store Fund, said that this store is located in the traditional busy section of Jordan’s food and beverage industry. In the past, each store had a transaction volume of 30-40 million. Unfortunately, the pneumonia epidemic has caused a sharp decline in business in this section. In the past, Jordan had been hyped by the market because it had longed for the completion of the high-speed rail. Unfortunately, the social movement and pneumonia after the completion in recent years have caused the price of shops to fall sharply, paving the market value by about 20%.

Kowloon City Road Ground Floor Shop Lost 1 Million

On the other hand, Shi Chuan Tu Kwa Wan, Kowloon City Road, No. 47-53, Fung Yu Building, G/F, Shop D and E, with a construction area of about 1,500 square feet, the tenant Hong Ge’s Kitchen, the rent is 68,000 yuan, and the lease period is until November 2020. On the 30thThe frontier landlord once put it on sale for 44 million yuan. After a reduction and reduction, the bid price was changed to 30 million yuan. Finally, it was sold at 24.5 million yuan, which was about 15% of the market value and 3.3% rental return.

It is reported that the original owner used 15.5 million HKD to buy shop D and 10 million HKD to buy shop E in November 2012. The total purchase price was 25.5 million yuan, and the book lost 1 million yuan. In November 2018, the owner once borrowed from Lei Shing Bank Credit Finance Company. It is understood that the owner has been in financial difficulties recently and was forced to sell the shop.

The college purchased 457 million Kowloon City

Shop prices fell to the bottom, and some educational institutions bought properties when they were flat. According to the information from the Land Registry, Chinachem’s No. 83 Sha Po Road, Kowloon City, Hong Kong. The No. 2 G/F, first floor and second floor of No. 2 have a total floor area of about 33,775 square feet. They were recently sold for a total of 457 million yuan, or about 13,500 HKD per square foot. The registered buyer is UOW COLLEGE HONG KONG, which was formerly known as the College of Hong Kong City University.

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