2024-04-19 28Hse Editor
The first stage of customs clearance between Hong Kong and the Mainland started yesterday. Mainland tourists are returning to Hong Kong. Many restaurants, international brands, pharmacies and even chain stores have rented shops in recent months to expand their business to attract tourists. Shopping areas in Central, Jordan and even the border The renting of shops in the water area and even the transaction of sales have seen a revival. People in the industry believe that with the news of gradual and comprehensive customs clearance and interest peaking, there will be a great opportunity for Xiaoyangchun to appear after the Lunar New Year. ◆reporter Liang Yueqin
Under the ravages of the new crown epidemic for three years, many pharmacies, cosmetics stores and money exchange shops in Sheung Shui District, which used to be a border shopping area, have closed down. However, since the announcement of the resumption of customs clearance at the end of last year, the agent in the area said that the shop rental business has improved significantly, inquiries from pharmacy and retail tenants have increased, and some vacant shops have been re-leased. In the past month, there have been at least 7 consecutive leases. Among them, the ground floor shop at No. 52 Xinkang Street, shop No. 64 at Longchen Road, and shop No. 9 at Xiangzai Street were all former tenants of pharmacies or drugstores, with prices ranging from 85,000 to 110,000 Rent out for RMB 95-130 per sq. ft. Agents in the area said that the new tenants of the above-mentioned shops are mainly chain stores, pharmacies and restaurants.
The agent said that the renting of Sheung Shui shops has been revitalized
The Jordan Pharmacy, which is adjacent to the West Kowloon High Speed Rail Station, also decided to renew the lease to win business from mainland customers. "Fengsheng Drug Cosmeceutical" located at Shop No. 120, Shanghai Street recently renewed its lease at a monthly rent of about 85,000 yuan. Based on an area of about 750 square feet, the rent per square foot is about 113 yuan. In addition, market sources also pointed out that recently, an international famous brand rented a shop of about several thousand square feet in Central with a monthly rent of hundreds of thousands of yuan for expansion.
In addition to leasing, investors are also speeding up buying shops in the market. In the urban area, Wai Yuen Tong sold the ground floor of Bowring Building, 14 Bowring Street, Jordan, for HK$48.8 million. The total sales area is about 388 square feet, plus about 37 square feet of patio. The buyer is Wang Haiyue. The property is currently leased to a third party at a monthly price of 116,800 yuan.
Investors 117 million take over giant shop in Xiyingpan
In addition, Luo Shouhong, the eldest son of the late founder of Yutaixing Group "Nine Uncle" Luo Zhaotang, Luo Shouhong, who held more than 10,000 square feet of homes for the elderly in Saiying, Hong Kong Island, was also sold last month for 117 million yuan. The buyer is Ji Mingbao, a veteran investor And Ge Yawa. The shops are Shops 1 to 6 on the ground floor and Shops A and B on the first floor of Chang Ning Building, No. 162-164 Connaught Road West, Sai Yingpan. 10,000 square feet changed hands for 117 million yuan, and the price per square foot is about 9,750 yuan.
In terms of other areas, Shop DE on the ground floor of Long Teng Court, No. 22-28, Tai Ming Lane, Tai Po, has a construction area of about 1,200 square feet and changed hands for 50.18 million yuan. The tenants include Shanghai Bao, a newspaper stall, a bottle of herbal tea, a tofu flower shop, Nuttea and So Sweet, the total rent is 173,800 yuan, and the rate of return is 4.16%.
The trend of the core area is expected to outperform the people's livelihood area
Li Genxing, founder of Shenghui Shop Fund Management Company, believes that cooperation withHong Kong and the mainland are gradually clearing customs and interest rates have peaked. After the Lunar New Year in February and March this year, there is a great opportunity to see Xiaoyangchun in the market. This year, the market will obviously bottom out and rebound. The price of Minsheng Store will increase by 3% to 5%. The price of shops in core areas will rise by 8% to 10%; rents will also rise, with Minsheng shops rising by about 5% to 8%, and shops in core areas rising by 10% to 15%. This year's transaction volume will also increase significantly by about 50% compared with last year. It is expected that there will be about 150 shop registration transactions per month on average.
Zheng Deming, Senior Sales Director of Lijiage (Industrial and Commercial Shops) Real Estate - Shops, Commerce and Investment Department, pointed out that due to the approaching of the Lunar New Year, many tenants have to consider the renovation schedule and manpower arrangements. Most tenants expect February and March. "Closing shops", I believe that the retail market in the core area will start after the festival.
He also predicted that the per capita consumption of individual tourists in Hong Kong should be higher than the average of 8,000 yuan in the early stage. When the brands chasing individual travel gradually grab seats in the core areas, the rent will increase by about 15% to 20% in the early stage. With the relaxation of individual travel The number of people, the rent has the opportunity to rise in multiples.
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