The overall commercial building is now negatively absorbed

The overall commercial building is now negatively absorbed.Jones Lang LaSalle announced the latest "Hong Kong Real Estate Market Watch" report pointed out that the overall office leasing market recorded a negative net absorption of 58.80 million yuan in November.The report pointed out that the renting of the office market in Central is sluggish. Although only a small amount of vacant floor space has been re-entered into the rental market, the demand for leasing has slowed down, making the floor to be rented out more than rented (ie negative absorption). the amount). At present, the floor available for rent in Central is still limited to the floor that is about to expire and has been leased out. There are not many choices. Therefore, the large-scale rental transaction recorded last month was for the rent of half-floor of the Chater House in Central. It only covers 9200 square meters. Although the market experienced negative absorption, the overall office market rents rose by 0.3% month-on-month, but the growth rate slowed down.In respect of the sale and purchase transaction, Qingjian International (01240) purchased 200 private cars on the 8th floor of Phase 3 of Kowloon Bay Enterprise Plaza for RMB 200 million, with a construction area of approximately RMB 159,900 and a price of RMB 127.79 million. Deng Juming, the former owner of Taizi Jewelry Watch and Clock, bought it for 159 million yuan in 2017, and his book profit was 41 million yuan, an increase of 25.8%.

The rent on the 4th floor of Russell Street has been cut by half.Luxury retail is difficult to recover from the peak period, and merchants who rent at the peak period intend to leave the lease early. It is now rented by the Italian high-end underwear brand LA PERLA as the flagship store in Hong Kong. The whole building is located at 22-24 Russell Street, Causeway Bay. [Picture], the roof was rented earlier, and the city’s watch brands were rented to the end, with a monthly rent of about 3.5 million. Yuan, the higher position fell more than half.At the end of 2014, LA PERLA pre-leased the entire building at 22 to 24 Russell Street, which was still under reconstruction. The building has 4 floors and the total floor area is about 8,000 square meters. The large advertising space on the external wall is 7.5 million yuan per month. leased about 938 yuan. The property was completed in September 2015 and will be rented in the same month for a period of five years until 2020.Watch brand material monthly rent 3.5 million stationedHowever, LA PERLA owed rent at the end of last year and was rented by the owner Emperor International (00163) for about 9.21 million yuan. After that, all the arrears were paid. According to the indication, the Emperor agreed to reduce the rent of the shop to 5 million yuan per month from April last year to April this year, that is, the rent was reduced by 33.3%. However, due to the fact that the shop business was not as good as expected, and the lease was still closed in the past two years, the shop was hired earlier. As the property is a rare all-storey shop and is located opposite the Times Square, it has certain advertising benefits. Since then, it has received many merchants’ enquiries. It is understood that the watch brands are actively negotiating, and the lease is expected to be implemented in the short term. The market estimates that the latest rent is about 3.5 million yuan, and the rent is about 438 yuan, which is 4 million yuan lower than the highest level, with a range of 53.3%.