Today’s registration: Transaction number 5598, registered transaction price HK$6.85 million, Shop 206, G/F, 206-208 Kowloon City Road, Kowloon City (Lung To Street), gross floor area approximately 700 sq ft, saleable area approximately 550 sq ft, entrance width approximately 28 sq ft, depth approximately 20 sq ft, registered transaction price HK$6.85 million, tenant’s white facade, likely a garage or vacant property, building age 65 years.
The original owner purchased in February 1963 for HK$80,000, holding the property for 63 years, representing an appreciation of 8462.5%. The latest contract signing date is May 28, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.9%, this shop’s monthly rental value is HK$22,263, which is its market value.
To Kwa Wan’s “13th Street” is a well-known old district in Ma Tau Kok, Kowloon, Hong Kong. It consists of two side streets and eleven main streets named after auspicious Chinese beasts and animals. The area is full of authentic old Hong Kong character, but faces redevelopment challenges due to severely aging buildings.
The eleven animal-themed main streets are: Lung To Street, Fung Yee Street, Luk Ming Street, Lung Cheung Street, Eagle Yeung Street, Peng Ching Street, Hung Wan Street, Chan Luen Street, Yin On Street, Chun Fat Street, and Hok Ling Street.
A hub for car repair shops: The 13th Street area has approximately 200 car repair shops, making it a famous hub for car repair and parts distribution in Hong Kong. Tenement buildings without elevators: Most of the residential buildings in the area are tenement buildings constructed in the late 1950s, over 65 years old, and many do not have elevators.
Buying this shop is all about waiting for resale. As long as the property market continues to recover, the Urban Renewal Authority has a high chance of repurchasing it in the next few years. I believe there’s a very, very high chance of making a profit then. A great shop!
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops require P-R-O (Prospect, Rental Value, Options, and Affordable Price)! Note: The rating is only a superficial assessment. The actual value of the shop is greatly influenced by factors such as utilities (fire, water, electricity, gas), lease details, ownership integrity, and potential future additions. The rating is for general reference only.
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For information on Lee Ken Hing’s private shops, join link:
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Updating information on shops for sale in Sheng Hui in June 2026:
The following properties offer high returns:
(1) Shops 1, 10, 11, 12 & 13, Princess Building, King’s Road, Fortress Hill – Miss Ice Room
HKD 65 million, now HKD 42.5 million, 4.8% return
(2) Ground floor & mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
HKD 38 million, now HKD 33.9 million, 4.6% return
(3) Ground floor & mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
HKD 33 million, now HKD 22.9 million, 4.6% return
(4) 16 Dyeing Fong Street, Mong Kok – The Madhouse
HKD 28 million, now 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 D, G/F, Po Ming Building, 96-106 Percival Street, Causeway Bay
HKD 38 million Now for sale HKD 35 million
(7) Shop G/F and stairwell of 153 Sai Yee Street, Mong Kok
HKD 45 million Now for sale HKD 35 million
(8) Shop B/F 4, Kai Fung Building, 10 Soi Hang Street, Sheung Wan
HKD 21 million Now for sale HKD 17 million
(9) Shop C, G/F, 111-121 Sai Yee Street, Mong Kok
HKD 28 million Now for sale HKD 22 million
(10) Shop M, Yun Tung Building, 65-75 Luther Road, Tsuen Wan
HKD 24 million Listing for sale at 20.4 million.
Valid until June 30, 2026.
Detailed listing plan and photos:
Contact me (Lee Gen Hing 90361143) or my colleagues:
Desmond Chan 9660 2253 / Vivian Lee 9311 9274 / Marc Kwok 6092 6444 (Head)
www.bwfund.com
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