Hong Kong's Wen Wei Po News (Reporter Leung Yuk Cum) Based on retail prices surged,fine area shops and more valuable. CCT Telecom (0138)planned for the month, 233 Electric Road, North Point,City Garden, 1, 2 and 3 Basement 1 to 33, 34A, 34B, 36A, 36B and section 38-45, Shop subdivision in more than 300 retail units sold,sources, subdivision bunk area from about tens of feet to about 150 feet,priced from about $100,0000 to $200,0000HKD, construction area of about $13,000 to $20,000 HKD per sqft.
Market estimates that this batch of shops worth about 4.5 billion to 5.0 million HKD,if all of them sold out,CCT Telecom cargo hold just one year,property appreciation to 2.1 times 1.8 times,the book profit of about 2.90 billion to 3.40 million HKD. Sources,this has not yet been approved premises circle goods, but divested within this month.
Hold the shops one year only,an annual property appreciation over 1.8 times
CCT Telecom yesterday announced that it has decided to shop on the site for renovation and upgrading works,and the property was split into about more than 300 shop units; and plans in the short term,the spin-off units to renovate,upgrade and subdivision before the completion of the works offer to sell to a third party buyer.CCT Telecom has commissioned Midland for exclusive sales agent.
CCT Telecom in July last year to $1.598 billion HKD buying shops on site,with a total construction area of about 40,000 feet,foot price of about $ 4,000, was once the property of Chartered borrowing agreement to lease the property to a form of concession borrower,for the operation of children's learning center,franchise loan period from last year 1 January to 31 August,the average monthly rent of about 577,500 HKD(already including property management fees,air conditioning charges, rates and government rent),borrowing agreement December 31 last year to move out after the expiry date,the property is vacant.
Limited supply of local shops,divested deal
The mall stores located in densely populated North Point district,close to many large estates such as City Garden and Provident Centre,and is located along Electric Road and King's already highly developed commercial prosperous region,MTR Fortress Hill Station and North Station are within walking distance range. However,if the property is currently in North Point-like large-scale retail properties in limited supply,CCT Telecom had considered for rental,but during the big shops appreciation, enabling the Group decided to sell subdivision of more cost-effective.
Capital Plaza Shop discount 8%
However,buyers are cautious on the property market,down 8% Capital Plaza shops still recoverable. Century 21 Surveyors hold property auction,which is located in Chatham Road South,No. 61-65, 3rd Floor,Capital Plaza Shop T158,construction area of about 66 square feet,the original owners before the auction asking price 2.8 million HKD,followed by less willing to price to 258 yuan, the low price of 10% of the asking price after a bid by the mainland Guangxi investors to undertake,but failed to reach the minds of the owners to recover the price,it is understood that the name of Mainland investors are not a hit in times,rather to be property prices fall further before they enter the market again.
Century 21 Surveyors auction Ministry spokesman,said some owners to test the water through the auction,detecting market conditions,the strength of the owners asking tough bargaining space is limited,the formation of stalemate.Capital Plaza, 3rd Floor,Shop No. T158
auction items discounted up to 8% by the investor failed to undertake,as buyers want to buy good shops,buyers and sellers are still have the distance on the current prices.
