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

By 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.

Aliwassa has been the Managing Director οf CBRE Thailand for a number of years. As a Thai national, Aliwassa is extremely knowledgeable about the sale of property in Thailand, specifically large scale high value condominium developments largely in Bangkok.

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