Shop No. 2, Ground Floor, Chi Yu Building, 4B-6H Carnarvon Road, Tsim Sha Tsui, sold for HK$23.8 million (5625th transaction, rumored price HK$23.8 million, rated 6.5). The shop has a gross floor area of approximately 500 square feet.
(Hong Kong Economic Journal) Shop No. 2, Ground Floor, Chi Yu Building, 4B-6H Carnarvon Road, Tsim Sha Tsui, owned by the family of the late veteran investor Wu Zhenke, has a gross floor area of approximately 500 square feet. It sold for HK$23.8 million, or approximately HK$47,600 per square foot. The shop is currently leased to a pharmacy for HK$80,000, yielding a return of approximately 4%. The shop was purchased in 2014 for HK$72.5 million, and after 12 years, it has incurred a book loss of HK$48.7 million, representing a depreciation of 67.2%.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-rated shops are all about P-R-O (Prospect, Rental Value, Options), and a good price! Note: Ratings are just a superficial indicator. The actual value of a shop is greatly influenced by factors such as utilities (fire, water, electricity, gas), lease details, title integrity, and potential additions. Ratings are for general reference only.
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From 2025 to the first half of 2026, The Grand Hong Kong has successfully sold 24 street-level 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 fund’s inception in 2016, he has purchased 133 street-front shops in Hong Kong, totaling HK$2.224 billion. His life goal is to buy 1,000 street-front shops in Hong Kong.
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