The average price per square foot of Admiralty Tower smashed a new high of 33,000

The latest “Commercial Express” report published by the Research Department of the Associated Press and Information Shop pointed out that the trading climate in the A and H buildings was very hot and the price and quantity were steadily rising. Driven by the average price of index A in January, the overall figure was 2.8% higher than the previous month. Among them, the average price per square foot of Admiralty rose above the mark of 33,000 yuan for the first time, setting a record high.

Weng Hongxiang, Director of Operations and Commercial Affairs of APL, pointed out that the recent stock market performance has fluctuated and the Hang Seng Index has dropped about 10% from its peak. I believe some investors will wait and see. With the Lunar New Year holiday approaching, investors and owners will Have to travel, shopping malls this month is expected to drop volume.

50 A building rose 26% last month rose 13%

Turnover of office in January was good, with 26 of the 50 major A-H locations clinched gains of 13% over the month. The average price of index A was up 2.8% MoM, of which more than a few high-priced deals, including Far Eastern Financial Center And Lippo Center. The average price per square foot of Admiralty Building was 33,149 yuan last month, a record high and a monthly increase of 4.7%, making it the best performer in the districts. Tsim Sha Tsui, The price rose 2.1% qoq. The average foot price in January was about $ 15,284. The latest rate of return was about 2.9%. The price of East Kowloon rose 3% on a monthly basis.

However, due to the slowdown in leasing activities, the rental performance did not keep pace with the increase in selling price. Last month, the rent of Target A was down 0.4% MoM and the rent of B Moos was also down 0.1%. The top-performing rental transactions last month, including the lower floors of the Bank of America Tower at Bank of America, were chartered at about $ 88 per sq ft.