Sold for the 5623rd time today, registered transaction valued at HK$126 million. Shops 57-66, G/F, Cheong Wan Centre, Tai Po, housing a McDonald’s and OK Convenience Store. The gross floor area is approximately 8,000 sq ft, with a saleable area of approximately 5,300 sq ft. The entrance is approximately 96 sq ft wide and 56 sq ft deep.
The original owner, McDonald’s, purchased the property in October 1988 for HK$19.293 million, holding it for 38 years, representing a 5.5-fold increase in value. The latest contract signing date is June 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average 4% rental yield for shops, this shop’s market value is HK$420,000 per month.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops need a P-R-O (Prospect, Rental Value, Options, and Price) rating. Note: Ratings only provide a superficial impression. 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. Ratings are for general reference only.
News Content: McDonald’s Sells Shops in Tai Po’s Cheong Wan Centre for Nearly HK$126 Million
Southeast Asian funds continue to flow into Hong Kong’s property investment market. A basket of ground-floor shops in Tai Po’s Cheong Wan Centre, originally owned by McDonald’s USA, was purchased for HK$126 million by representatives of Malaysian developer MB World Group Berhad.
The transaction involved shops 57-66 on the ground floor of Cheong Wan Centre, No. 4 On Chi Road, Tai Po, with a total gross floor area of 8,566 square feet. McDonald’s had been offering the property for HK$200 million since last year and sold it last month for HK$126 million, at a price of approximately HK$14,700 per square foot, a reduction of HK$74 million or 37%. Most of the shops are currently operated by McDonald’s, with another shop of approximately 582 square feet leased to OK Convenience Store. The total monthly rent for the entire property is approximately HK$690,000, allowing the new buyer to enjoy a rental yield of approximately 6.6%.
Malaysian Developer Acquires Property with 6.6% Return
According to records, McDonald’s purchased the property in 1988 for HK$19.293 million, holding it for 38 years before selling it, realizing a profit of approximately HK$107 million, representing a 5.5-fold increase in value.
It is understood that the buyer is a representative of the Malaysian developer, Golden Phoenix Group. They entered the Hong Kong market in February this year, purchasing the entire commercial and residential building at 9-11 Staunton Street, Central, for HK$105 million. Since selling its first shop property last October, McDonald’s has sold 11 shops in approximately eight months, raising approximately HK$980 million, with the Tai Po shop sold this time fetching the highest price.
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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 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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