香港尖沙咀一店铺交易价可能是世界纪录：US$90kpsft

HK shop goes for a sizzling US$90,000 psf

Music mogul pays US$108m for a 1,212 sq ft outlet

A company run by Hong Kong’s best-known entertainment mogul has paida record US$108 million for a shop in one of the busiest districts, areport said yesterday.

The sale of the 1,212 square foot outlet comes as the city’sgovernment tries to contain soaring property costs due to fears theyare getting out of control.

The price works out to about US$90,000 per square foot, making itthe city’s most expensive retail space, the South China Morning Postreported, quoting an unnamed source.

‘It is unknown if this is now the most expensive shop in the world,but obviously it’s a record in the city,’ real estate agent LawrenceWong told the daily newspaper.

The shop in Hong Kong’s busy Tsim Sha Tsui district houses luxuryretailer Emperor Watch & Jewellery, which is run by music tycoonAlbert Yeung, the Post said.

Mr Yeung’s Emperor Entertainment Group has contracts with a host ofCantonese pop stars who claim legions of fans in the city of sevenmillion.

An Emperor subsidiary, which had been leasing the space, bought theproperty because of ‘the investment value of the location and a basicneed for the shop’, the source told the paper.

The previous record for a Hong Kong retail space was set in May byMr Yeung’s brother Ricky, who paid US$58,000 psf for a shop in the sameneighbourhood, the Post said.

In October, Henderson Land Development said it sold a five-bedroomluxury residential duplex in Hong Kong’s Mid-Levels area for an Asianrecord US$11,300 psf, or US$57 million in total.

Hong Kong’s government is considering plans to rein in the city’sreal estate prices as it grows concerned about a dangerous bubblebuilding in the market.

The city has seen several record-breaking property sales in the pastyear as wealthy mainland Chinese investors and low interest rates stokedemand.

Source : Business Times – 23 Dec 2009