Sold item #5572, registered transaction price HK$7.8 million, rated 7/10. Shop No. 4, G/F, Lee Tak Cheong Building, 2D Shek Kip Mei Street/94-98 Yik Kut Street, Sham Shui Po. Gross floor area approximately 1000 sq ft, saleable area approximately 850 sq ft, entrance width approximately 18 sq ft, depth approximately 47 sq ft. The tenant is Tin Cheung Restaurant. The building is 47 years old.
The original owner purchased the property in September 2010 for HK$5.48 million, holding it for 16 years, representing a 42.3% increase. The latest contract signing date is May 17, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.9%, this shop has a monthly rental value of HK$25,350.
This shop is located in a relatively quiet location in Sham Shui Po, behind a food stall. Although it looks like a dai pai dong (open-air food stall), it’s not one of the 17 remaining licensed open-air dai pai dongs (fixed-stall cooked food stalls) designated by the Food and Environmental Hygiene Department in Hong Kong. The “Ai Wensheng Restaurant” across the street is the real licensed dai pai dong. This stall has been operating for many years and is very busy in the evenings; I often pass by at night—a paradise for affordable late-night snacks 😊.
Rating Criteria: 5 points for market value, 10 points for a great deal, 1 point for caution. High-scoring stalls require P-R-O (Prospect, Rental Value, Options), and a reasonable price! Note: The rating is only a superficial impression. The actual value of the shop depends heavily on 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
~65 million HKD~ Now for sale at 42.5 million HKD 4.8% return
(2) Shop A, Ocean City Mansion, Electric Road, Tin Hau – New Seven Seas Project
~33 million HKD~ Now for sale at 24 million HKD 4.6% return
(3) Ground Floor & Mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
~38 million HKD~ Now for sale at 33.9 million HKD 4.6% return
(4) Ground Floor & Mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
~33 million HKD~ Now for sale at 22.9 million HKD 4.6% return
(5) 16 Dyeing Fong Street, Mong Kok – The Madhouse
~28 million~ Now for sale at 20.8 million 4.6% return
(6) Shop 3 and mezzanine of Kam Fai Road, Yuen Long – Egg Waffle Snacks
~11 million~ Now for sale at 9.1 million 4.6% return
Other prime shops for sale:
(7) Shop D, G/F, Po Ming Building, 96-106 Percival Street, Causeway Bay
~38 million~ Now for sale at 35 million
(8) Shop G/F and stairwell of 153 Sai Yee Street, Mong Kok
~45 million~ Now for sale at 35 million
(9) Shop 4, B/F, Kai Fung Building, 10 So Hang Street, Sheung Wan
~21 million~ For Sale: HKD 17 million
(10) Shop C, G/F, 111-121 Sai Yee Street, Mong Kok
~HKD 28 million~ For Sale: HKD 22 million
(11) Shop M, Yun Tung Building, 65-75 Luther Road, Tsuen Wan
~HKD 24 million~ For Sale: HKD 20.4 million
Valid until June 30, 2026
Detailed plans and photos:
Contact me (Lee Kin 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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