Hong Kong's Wen Wei Po The effect of 'Energizing Kowloon East' continues, the government promoting the transformation of the district revitalization of industrial buildings actively,coupled with the transportation facilities,such as SCL and other infrastructure coming on stream and promote the development of Kowloon East into a new core area of Hong Kong. Investors will look to develop gradually expanded from commercial buildings to manner Factory which was more flexible on the development,so frequent recently favored investors and users.Again,there are industrial buildings in Kwun have changed hands recently,the city passed the news of Viet Luen Factory Building even with the first floor sold with the price of about HKD $3.6 ten million and changed hands,the transaction sq.ft price is a rare low price level on the market.
Commercial building tradings are expected to be more active
Centaline (CIS) Industry and Commerce Deputy Sales DirectorChan Kam Lun said the property transaction this time was located in Viet Luen Factory Building even with the first floor,No.126 Wai Yip Street,Kwun Tong, the city passed the transaction price of about HKD $3.6 ten million,with a total area of approximately 8,000 square feet,with an average sq.ft price of about HKD $4,500,the property has been vacant.Buyer was local investors engaged in the environmental industry. Original owners have the book profit of approximately HKD $3.2 ten million,about 9 times the sharp appreciation of the property.The new owner of the property will be eligible to approximately 5.3% rate of return.Mr.Chan continued refers to the average sq.ft price over the past year have reached over HKD $10,000 levels, it is expected that the commercial building transactions in Kowloon East in the short-term of time will become more active.
Similarly,multiply the potential development of Kowloon East,coupled with the recent good news of Kowloon East flooded,there are a number of large companies competing stationed in Kwun Tong,so it cause the district have transformed into a new central business district of Hong Kong,the sq.ft prices are keep on raising recently,so there many large enterprises are optimistic about the development prospects of the region,actively looking for high-quality plate incorporation stronghold.Of which the A-grade commercial office building Rykadan Capital Tower in Hoi Bun Road, Kwun Tong is more successful in attracting a lot of capital-funded organizations,listed companies and other high-use home stationed. There are owners taking advantage of the commission of the Central Plains (CIS) floor of the building exclusive agent 20 full-floor units for leasing,rent from about HKD $18 per sq.feet,the admission fee is quite competitive.
Centaline (CIS) Department Sales Director Chan Kun wai said that the 20/F of Rykadan Capital Tower in No.135-137 of Hoi Bun Road,Kwun Tong is now leasing, with a total gross floor area of approximately 12,007 square feet, such as leasing an entire floor intention-foot lease HKD $22. Meanwhile, the owners in order to increase the flexibility,willing to split a total of eight units of full-floor for rental-use,with an area of about 1,000 feet per unit,depending on the need of the tenants, per unit area required to negotiate with the owners rented,with views of Victoria Harbour and Kai Seaview intention Tak cruise terminal units with panoramic ft rent of about HKD $24,Rykadan Capital Tower is the district capital of the new Grade A office building,located next to the Kwun Tong waterfront promenade,have no shelter of the Victoria Harbour view,just calculated the transactions in June alone, has recorded approximately 3 full-floor transactions.
The commercial building transactions rebounded in the second season
As for the other side of the commercial buildings which with the harbor view have attracted more businesses to be stationed,the whole layer of middle to upper floor of First Commercial Building in Causeway Bay put on sale with the intention price of approximately HKD $3.2 ten million.Causeway Bay,Hong Kong has always been a mature,comprehensive range of core commercial district consumer,the commercial unit has been well received by investors and users,but due tot the fact that the introduction of the double stamp duty by the government last year,the local commercial transaction digital crashed decline.As the market digested the impact from spicy tricks,in the second quarter of this year,the commercial units began tradings trend has picked up,rose about doubled when compared to the first season.There are owners taking advantage of the commission of the Centaline (CIS) exclusive agent of the first high-rise commercial building in Causeway Bay to put the whole layer units on sale,with an area of nearly 2,300 feet,the intention price of about HKD $3.2 ten million.Centaline (CIS) Department Sales Director Leung Chi Wing said that the 13/F full-floor of First Commercial Building in No.33-35 Leighton Road in Causeway Bay is now put on sale,with a total area of approximately 2,285 square feet,the intent price of approximately HKD $3.2 ten million,with the intention sq.ft price of approximately HKD $14,000.The whole floor is now having three separate units,A Room with an area of about 760 square feet, has used as an office by the owners,the other two units are connected tenancy agreement for sale.Room B,with an area of about 700 square feet,at a monthly rent of about HKD $17,500,the lease will be ended in July next year,as for room C,with an area of approximately 830 square feet,at a monthly rent of about HKD $23,000, the lease will be ended in April next year.
