Sold item #5641, registered today for HK$11.8 million, rated 5/5. Shops 3 & 4, G/F, Chiu Fung Building, 33 Befa Road, Tai Kok Tsui. Gross floor area approximately 961 sq ft, saleable area approximately 700 sq ft, entrance width approximately 34 sq ft, depth approximately 30 sq ft. Tenant: Ka Fung Doors & Windows Engineering. Building age: 52 years.
The original owner purchased in November 2017 for HK$16 million, holding for 8.6 years, a decrease of 26.3%. The latest contract signing date is July 3, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average 4% rental yield for shops, this shop’s market value is HK$39,333 per month.
This shop faces Befa Road, is under construction, and has low foot traffic. Its advantage lies in its nearly 20-foot ceiling height, allowing for the construction of a mezzanine to increase space, and easy access to goods from the street. There is demand for commercial properties with construction materials in the city center.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring properties require P-R-O (Property, Revenue, and Ownership). They need good prospects, high rental value, multiple options, and a reasonable price! Note: The rating is only a superficial assessment. The actual value of a shop is greatly affected by factors such as utilities (fire, water, electricity, gas), lease details, ownership integrity, and potential additions. The rating is for general reference only.
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From 2025 to the first half of 2026, The Grand Central has successfully sold 24 street shops in Hong Kong, totaling HK$396 million. The following 8 properties are now available for sale at reduced prices until July 2026:
The following properties offer high returns: up to 5%:
(1) Shops 1, 10, 11, 12 & 13, Princess Building, King’s Road, Fortress Hill – Miss Ice Room
Original Price: HKD 65 million Now Available: HKD 42 million 4.9% Return
(2) Ground Floor & Mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
Original Price: HKD 38 million Now Available: HKD 33.9 million 4.6% Return
(3) Ground Floor & Mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
Original Price: HKD 33 million Now Available: HKD 22.9 million 4.6% Return
(4) The Madhouse, 16 Dyeing Fong Street, Mong Kok
Original Price: HKD 28 million Now Available: HKD 20.8 million 4.6% return
(5) Shop No. 3 and mezzanine of Kam Fai Road, Yuen Long – Egg Waffle Snacks
HKD 11 million, now for sale HKD 9.1 million, 4.6% return
Other prime shops for sale:
(6) Shop No. 4, B/F, Kai Fung Building, 10 So Hang Street, Sheung Wan
HKD 21 million, now for sale HKD 17 million
(7) Shop No. C, G/F, 111-121 Sai Yee Street, Mong Kok
HKD 28 million, now for sale HKD 22 million
(8) Shop M, Yun Tung Building, 65-75 Luther Road, Tsuen Wan
HKD 24 million Listing for sale at HK$20.4 million
Valid until July 30, 2026
Detailed listing plans and photos:
Contact me (Edwin Lee 90361143) or my colleagues:
Desmond Chan 9660 2253 / Vivian Lee 9311 9274 / Marc Kwok 6092 6444 (Head)
www.bwfund.com
Dr. Edwin Lee, Founder of BW Fund
Since the establishment of the fund in 2016, he has purchased 133 street-level shops in Hong Kong, totaling HK$2.224 billion. His life goal is to buy 1,000 street-level shops in Hong Kong.
www.edwinlee.com.hk
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