The 5637th transaction was recently registered at HK$16.68 million. It is Shop 1B, 2/F, Wing On Plaza, 62 Mody Road, Tsim Sha Tsui. The gross floor area is approximately 1606 sq ft, and the saleable area is approximately 1120 sq ft. The registered transaction price is HK$16.68 million. The tenant is currently vacant. The building is 45 years old. It appears to be a bank-owned property, sold by the finance company, Lei Shing Hong.
The original owner purchased it in May 2000 for HK$5.22 million, holding it for 26.1 years, representing an increase of 219.5%. The latest contract signing date is July 3, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average 4% rental yield for shops, this shop’s market value is HK$55,600 per month.
This shop is located on the 2nd floor of Wing On Plaza, which appears more like office space than a shopping mall, with low foot traffic. The price per sq ft exceeds HK$10,000.
Rating Criteria: 5 points for market value, 10 points for exceptional value, 1 point for caution. 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 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 Hong Kong 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 establishment of the fund in 2016, he has purchased 133 street-level shops in Hong Kong, totaling HK$2.224 billion. His life goal is to buy 1,000 street-level shops in Hong Kong.
www.edwinlee.com.hk
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