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What do you get for your money in Lockhart Rd., HKG??

By James Pitchon on Feb 05, 2010 in Retail
CB Richard Ellis  Hong Kong recently sold Number 514 Lockhart  Road in Hong Kong for 28 million Hong Dollars for a 921 square  foot site.

As you can see from the picture it’s not a prime property and anyone familiar with Hong Kong would know that Lockhart Road is a secondary retail location.

In Thai terms it equates to 120 million baht for 21.4 square wah site that’s 5.6 million baht per square wah for a site no bigger than a medium size townhouse. The Highest land price recorded in Bangkok   as far as we are aware is 1.2 million baht per square wah for a prime location.

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About the Author

James Pitchon is an Executive Director of CB Richard Ellis (Thailand) Co., Ltd. He has been responsible for the co-ordination of more than 1,000 multi-national corporation property transactions in Thailand over the last nineteen years. He is also a board director of CB Richard Ellis (Vietnam) Company Limited, CB Richard Ellis (Cambodia) Company Limited and the BCCT. He is a Member of the Royal Institution of Chartered Surveyors (MRICS).

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