Sold item #5630, registered today for HK$15 million, rated 7/10. Located at 354 Prince Edward Road West, Kowloon City, ground floor and basement with mezzanine. Gross floor area approximately 3560 sq ft, saleable area approximately 3198 sq ft. Door width approximately 14 ft, depth approximately 70 ft. The tenant is currently vacant. Previously occupied by a Hunanese restaurant, the previous rent in 2018 was HK$110,000 per month. The building is 46 years old.
The original owner purchased in April 2018 for HK$54.68 million, holding for 8 years, a 72.6% decrease in value. This was at the peak of the commercial property market! The latest contract signing date is June 17, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average 4% rental yield for shops, this shop’s market value is HK$50,000 per month.
This shop faces Prince Edward Road West, near the traffic lights, between Junction Road and Fuk Lo Tsuen Road, next to a ParknShop supermarket, so there’s foot traffic. Unfortunately, the foot traffic doesn’t usually stay there, so it’s not a popular spot and is currently vacant. However, the ground floor is a shop lease, while the mezzanine and basement are storage, significantly reducing its value.
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News: Shun Lian sells Kowloon City property for over HK$50 million
Crystal Garden Investment acquired over 70% ownership of 354 Prince Edward Road West, Kowloon City from Foshan Shun Lian Group for HK$30 million. Shun Lian Group exited the deal with a book loss of HK$53.436 million.
Data shows that Crystal Investment purchased multiple units at 354 Prince Edward Road West, Kowloon City, including basement, ground floor, and mezzanine units, for HK$30 million, with a total gross floor area of approximately 3,560 square feet. The transaction price was HK$15 million, or approximately HK$4,213 per square foot. Additionally, five units on the upper floors were sold for HK$3 million each, totaling HK$15 million.
Shun Lian Group purchased the aforementioned properties in 2018. The basement, ground floor, and mezzanine units were purchased for HK$54.68 million, meaning the sale resulted in a book loss of HK$39.68 million, or 72.6%. The five upper-floor units were purchased for a total of HK$28.756 million, also resulting in a book loss of HK$13.756 million, or 47.8%. Shun Lian Group’s sale of this portfolio of properties resulted in a cumulative loss of HK$53.436 million.
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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 No. 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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