Noodle chain rents a street shop in Central for $450,000

Business | Staff reporter 14 May 2021

Rice noodle chain operator Tam Jai International rented a 4,000-square-foot street shop premise on Wellington Street in Central for HK$450,000 per month, or about HK$113 per sq ft, nearly 60 percent lower than the peak of the previous lease.

The former lessee is casual dining chain Tsui Wah (1314) shop, which once leased the premise for as much as HK$282 per sq ft.

This came as Tam Jai is seeking a listing on the main board in Hong Kong.

In the primary market, Henderson Land Development (0012) released 73 units in the fifth price list of The Henley I in Kai Tak at an average price of HK$30,632 per sq ft after discounts. The units are priced at HK$7.59 million to HK$30.66 million, or HK$24,611 per sq ft to HK$34,801 per sq ft after discounts.

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June 2021

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