Sunday, December 27, 2009

Like walking on GOLD

Record price for retail shop


As posted in www.h88.com.sg by Yeo ZH

Units at The Marq transacted at $5,262 psf and Orchard Residences (above Ion) at above $5,000 psf. So you think our high-end condos are expensive? Wait till you hear about another insane retail shop purchase in Hong Kong - at $135,000 psf!

The 1,212 square foot shop is located at the busy Tsim Sha Tsui district and houses the luxury retailer Emperor Watch & Jewellery, owned by the music tycoon Albert Yeung.

At $135,000 psf, the shop transacted at $163m - you could buy 20 units at The Marq, or both Anson and VTB buildings in the CBD and still have cash left over.

I did some rough calculations; assuming we pave the entire floor of the shop in 2cm thick gold bars - it works out to be almost the same price, give or take a couple of million bucks.

Picture of the shop here. I don't know about you guys, but that shop looks kinda run down, like something you'll see in Little India.

1 comment:

  1. Make you personality better and walk like a gold. Not walk like a dull guy because it not represent your uk best essay personality. If you want to show it to the people then you must have this for you because that is good for you in that time.

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