Transaction No. 5608, (Hong Kong Economic Journal/Sing Tao Daily) The entire Oi Wan Building in Central sold for HK$140 million, exceeding the asking price by 22% (7/10)
A major sale of an entire building was recorded in a prime commercial location in Central. The entire Oi Wan Building, a mixed-use commercial and residential building on Wyndham Street, changed hands for approximately HK$140 million, about 22% higher than the asking price.
The Oi Wan Building, located at 18-20 Wyndham Street, is a 7-story mixed-use commercial and residential building with a site area of approximately 1,301 square feet and a total area of approximately 7,703 square feet. The property was put up for sale earlier this year with an asking price of HK$115 million, and ultimately sold for approximately HK$140 million, at a price of approximately HK$18,200 per square foot, about HK$25 million or 21.9% higher than the asking price.
According to records, the property was owned by the Tsang family, who run a jewelry business. They purchased the land in 1954 for HK$130,000 and subsequently redeveloped it into the Oi Wan Building, which was completed in 1964. Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops require P-R-O (Property, Rent, and Occupation): good prospects, good rental value, multiple options, and a reasonable price! Note: The rating is only a superficial assessment. The actual value of a 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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From 2025 to the first half of 2026, The Grand Central has successfully sold 24 street 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 20.4 million.
Valid until July 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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