Sold item number 5604. Registered transaction: HKD 1.5 million for Shop P + HKD 3.8 million for Shop M + HKD 1.9 million for Shop O, totaling HKD 7.2 million. Rating: 5/5. Shops P, M, and O are located on the ground floor of Kingham Building, 317-321 Nathan Road, Yau Ma Tei. Gross floor area: approximately 900 sq ft; saleable area: approximately 500 sq ft. The registered transaction price is HKD 1.5 million for Shop P + HKD 3.8 million for Shop M + HKD 1.9 million for Shop O, totaling HKD 7.2 million. The tenant is currently vacant. The building is 67 years old. It is subdivided into N shops.
The original owner (Wing Lun Group) purchased Shop P for HK$500,000, Shop M for HK$880,000, and Shop O for HK$630,000 in November 2005. Holding the properties for 21 years, the appreciation rates were 200% for Shop P, 331.81% for Shop M, and 201.59% for Shop O, totaling HK$2.06 million, a 2.5-fold increase. The latest contract signing date is June 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.8%, the monthly rental value of these shops is HK$4,750 for Shop P, HK$12,033.33 for Shop M, and HK$6,016.67 for Shop O. This is the market value.
This section of Nathan Road is a prime location, but the purchasing power is relatively weak. These three shops are located in the mall of the building and are relatively inconspicuous; they are currently vacant. Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops require P-R-O (Property, Rent, and Occupation): good prospects, good rental value, multiple options, and a reasonable price! Note: The rating is only a superficial assessment. The actual value of a shop is greatly influenced by factors such as utilities (fire, water, electricity, gas), lease details, ownership integrity, and potential additions. The rating is for general reference only.
…
…
…
To learn more about the commercial property market, join our Community (anonymity confidential). Link:
…
…
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 million, 4.9% 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 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 20.4 million.
Valid until July 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
Add comment