CBRE Group announced that it successfully assisted Vanke Hong Kong in selling the mall portion of The Campton project on Fuk Wing Street, Cheung Sha Wan, for a price of 0.104 billion yuan. Together with earlier assistance in selling the commercial vehicle park of the project, the total sale price of The Campton commercial section is 0.188 billion yuan.
Morrison, Senior Director of the Capital Markets Department of CBRE Group, expressed great pleasure in successfully assisting Vanke Hong Kong again within three months, finding buyers for the commercial portion of the same project, with two local investors planning to use it for own use and long-term investment.
Dixon, Deputy Director of the Capital Markets Department of CBRE Group, added that as Hong Kong follows the US in interest rate cuts and as various mainland economic easing measures are gradually announced, the December consumer season is approaching, and the market investment sentiment is starting to pick up. It is believed that the Hong Kong real estate market will continue to be of long-term interest to investors. With retail rents gradually adjusting, the bank has received many investors' intentions and inquiries about retail properties.