Valuations in the commercial property market have declined.
One notable example involved a transaction in The Center.
This was a unit on the 22nd floor, which recently sold for HK$42 million, or HK$13,000 per square foot.
Originally purchased by a factory owner from an investor in 2019 for over HK$100 million, this resale resulted in a loss of HK$72 million.
| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |