Trade wars, tired building, famous cast, double-family
In addition to the impact on the stock market, the Sino-US trade war began to affect the Hong Kong property market. According to market sources, a special unit was built in Tsim Sha Tsui. It was originally leased to a multinational airline with a monthly rent of 160,000 yuan.
Originally leased to a multinational airline with 160,000
According to the agent in the district, the high-rise duplex C room in Tsim Sha Tsui, with a saleable area of about 1,977 square feet, is a duplex 3 bedroom interval. The owner bought it at the end of last year and rented it for $200,000 a month earlier. At the end of last month, it successfully attracted multinational aircraft manufacturers to lease. The two sides reached an agreement to rent a rent of 160,000 yuan for a monthly rent of 81 yuan, which is a new high in the housing estate. The lease is for two years from the 1st of next month to the end of July 2020.
However, the agent in the area revealed that the relevant multinational aircraft manufacturers finally decided to temporarily suspend the rent-related units because of the Sino-US trade war. The landlord yesterday rented 170,000 yuan to re-launch the unit for market rent.
The agent in the district reiterated that the new luxury mansions in the Kowloon Station area are mainly renters in the rental market. The foreign tenants only account for a small amount. Therefore, the renting cases will not affect the rents in the district. However, it is frank that if the Sino-US trade war really affects the desire of multinational corporations to rent, it is believed that there will be some impact on the rent of super-luxury houses in the mid-levels of Hong Kong Island.
It is understood that the newly-launched mansion in the Kowloon Station area recorded 89 rental transactions last month, which is the peak season for rental. Among them, the high-rise room A of the 2nd floor of the Arc de Triomphe has a practical area of 1,382 square feet and was rented out at the end of last month for 120,000 yuan.