Today’s registration: 5600th transaction, rating 6.5, total transaction value HKD 38 million (Shop 2A and Shop K1, HKD 19 million each), Shop 2A and Shop K1, G/F, Block K, Tai Tung New Village (Popular Building), 67-87 Ivy Street, Tai Kok Tsui. Each shop has a gross floor area of approximately 1100 sq ft and a saleable area of approximately 985 sq ft. Each door is approximately 16 ft wide and 55 ft deep. The registered transaction value is HKD 38 million (Shop 2A and Shop K1, HKD 19 million each). Tenants are 7-Eleven and Master Chef Congee. The building is 52 years old.
The original owner purchased Shop 2A and Shop K1 simultaneously in August 2011 for HKD 35 million, holding them for 15 years, representing an 8.6% increase. The latest contract signing date is June 16, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.9%, the combined monthly rental value of these two shops is HK$123,500 (HK$615 million each), representing their market value.
These two shops are located in a prime dining area on Ivy Street in Tai Kok Tsui, featuring spacious, large, and attractive shops.
Rating Criteria: 5 points = market value, 10 points = excellent value, 1 point = be cautious. High-scoring shops require P-R-O (Prospect, Rental Value, Options, and 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 additions. The rating is for general reference only.
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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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