Sold item #5631, registered today for HK$20 million, rated 6/10. Shop A, Ground Floor, Man Wah Court, 647-651 Shanghai Street, Mong Kok. Gross floor area approximately 900 sq ft, usable floor area approximately 700 sq ft, entrance width approximately 14 sq ft, depth approximately 50 sq ft. Registered transaction price HK$20 million. Tenant to provide future lighting. Building age 61 years.
The original owner purchased in March 2004 for HK$29.6 million, holding for 22 years, a decrease of 32.4%. The latest contract signing date is June 22, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 4%, this shop’s monthly rental value is HK$66,667, representing its market value.
This area is traditionally the building materials and lighting section of Mong Kok. At its peak, each shop’s monthly rental value was over HK$100,000. In recent years, due to the impact of online shopping, the net monthly rental value has only decreased by tens of thousands of dollars. I spoke with industry insiders on this street. Because lighting and building materials involve construction, labor costs in Hong Kong are high, and online shopping can’t completely replace traditional methods. Plus, with the recent property market rebound, people buying lighting fixtures are a necessity when upgrading their homes. They feel that rents in this area have already bottomed out, and in recent months, quite a few shops have opened as large lighting stores, renting for tens of thousands of dollars.
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From 2025 to the first half of 2026, Sheng Hui 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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