2024-04-25 28Hse Editor
Although the government has relaxed restrictions on gatherings, consumers are still cautious in spending, the retail market remains weak, shopping malls have become the hardest hit area, and the loss of sales is often astonishing. According to market news, the Double Shop on the 3rd floor of the Capital Plaza in East Tsim Sha Tsui recently changed hands for 250,000 yuan. Compared with the purchase price of 2.43 million HKD in 2013, the book value lost about 2.18 million yuan. In the 7 years of holding the goods, it lost nearly 90%. . ■reporter Li Zitian
In the epidemic situation, retail and catering are sluggish, store prices continue to find the bottom, shopping malls are naturally "blooded". According to information from the Land Registry, Shop T04 on the 3rd floor of Capital Plaza, Tsim Sha Tsui East, with an area of about 54 square feet, recently changed hands for 250,000 yuan, with a price of about 4,629 HKD per square foot. The original owner bought the site in 2013 for 2.43 million yuan, and left the site with a book loss of nearly 2.18 million yuan. The store's loss in 7 years was as high as 89.7%.
Looking through the information, the Tsim Sha Tsui East Capital Plaza was sold off by the "Small King" Yin Baiquan in 2013. The predecessor was a DNA mall. The number of shops in the whole site exceeded 700. At the beginning of the sale, a 5% rental return guarantee was provided for the first two years. Attracted many investors to subscribe.
However, after the sale, the small owners of the Capital Plaza were in their own hands. For a long time, they had ten rooms and nine empty spaces. Except for the slight crowds on the first floor, the second and third floors have been inaccessible for many years, and there have been cases of decay. According to the information from the Land Registry, the last case was Shop T192 on the 3rd floor. The building was about 64 square feet. It changed hands for 280,000 yuan, and the price was about 4,375 HKD per square foot. The original owner bought it for 2.88 million HKD in 2013 and held the goods for nearly 7 years. The book loss was nearly 2.6 million yuan, a loss of 90%.
Some market participants believe that the Capital Square has become a dead end. One of the reasons is that the shop area is too small, with only a few dozen feet of space, which makes many industries unable to operate and cannot afford to cook for catering.There are only a few industries that can survive in dozens of feet of space, such as purchasing or a doll shop. In addition, the Capital Plaza does not have smoke exhaust and fire-fighting equipment, and the low floor of the building makes it difficult for restaurants to attract people, and the overall lack of unified management.
There are 26 jishops on the first floor
Retail is at a trough, and the owners of shopping malls have become the most miserable owners. The Mong Kok Plaza, which was famous for speculating on mobile phones, is no exception. Earlier, there were two transactions for single-number shops on the first floor, each for 1.1 million HKD and 1.5 million yuan. The owners of the two shops left the site with a loss of 80% and a total loss of more than 10 million yuan. There are also a large number of Kyrgyzstan shops in Sin Tat Plaza. There are about 26 Kyrgyzstan shops on the basement level of the mall alone, and 8 Kyrgyzstan shops facing Argyle Street and Tung Choi Street, which are rare in recent years.
According to market sources, Shop 118, Shanghai Street, Jordan, has a built-up area of 800 square feet, a door width of about 12 feet, and a depth of 45 feet. The original owner's asking price was 32 million yuan, and after the price was 28.1%, it was sold at 23 million yuan, an average market value of 1. to make. The tenant is Po Kee Noodle Restaurant, the rent is 56,000 yuan, and the lease term is until December 31, 2022, with a return of 2.9%. The original owner bought it with 18.2 million HKD in January 2011, and the book earned 4.8 million yuan.
Houfu Street Ground Shop 43.8 million
According to another source, Shop 1 on the ground floor of Tofu Court, No. 5-6 Hau Fuk Street, Tsim Sha Tsui, has a 1,000-square-foot building. The original owner's asking price was 46.8 million yuan, and the final price was reduced by 3 million HKD or 6% to change hands for 43.8 million yuan. It is currently rented by Yuetai Restaurant, with a monthly rent of 80,000 yuan, with a return rate of 2.2%.
Li Genxing, founder of Shenghui Store Fund, said that the store is located in the busy section of Hau Fook Street, Tsim Sha Tsui, and there is a constant flow of food and beverages. Unfortunately, due to the recent drastic reduction in tourists, Hau Fook Street used to sell at a high price of 50 million to 60 million HKD or more. It is now about 10% of the low market price. The original owner bought it for 17.1 million HKD in July 1997 and held the goods for 23 years. The value appreciated 1.6 times or the book profit was 26.7 million yuan.
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