The market factors caused by the Epidemic and the political climate, the previous “good investment” of Hong Kong stars have “fallen from grace”. According to the Hong Kong media, Nicholas Tse bought a store on Flower Street in Central with nearly 100 million yuan (Hong Kong dollars, the same below) in early years, the latest rent compared to the peak, has dropped by half.
Once belonged to the “star street” of Hong Kong Central flower street, there have been Nicholas Tse, Ku and other stars have bought stores one after another. However, by the epidemic and the “Hong Kong version of the National Security Law” under the shadow of white terror, Hong Kong is suffering from the biggest economic crisis since the transfer of sovereignty in 1997, even the “Star Street” rents have also plummeted.
According to information disclosed by the Hong Kong Economic Times on March 22, Nicholas Tse purchased two stores in Central for nearly $100 million, of which the latest rent of store 28 fell to $720,000 a year, a year-on-year drop of nearly 30%, compared with the peak rent of $1.476 million, a drop of 51%. The other holdings of the ground store No. 26 on Pendulum Street, down 36% from the peak, with the latest rent at $792,000 a year.
The neighboring property of Nicholas Tse, which was purchased by Ku in 2012 at the peak of the store market with 54 million yuan, is 22 Pendulum Street, the latest rent of about 612,000 yuan, down 30% year-on-year, compared to the peak period fell 37%.
The report also pointed out that, known as “investment genius” of Stephen Chow (Master Star), the hands of the Peak mansion rentals fell 27% compared to the peak, the rental value of about 654.84 million yuan a year. Chow Yun Fat, Andy Lau, Cheung Ka Fai and other stars hold properties, the market value of all down.
Nicholas Tse, who started out as a singer, set up a company in 2003 and got involved in various fields such as real estate, catering and entertainment. He was rumored to have a Family fortune of $1 billion. In the early years, he threw $85 million to buy a house with a sea view to give a Father’s Day gift to Xie Xian. However, Nicholas Tse’s investments in recent years have not gone well, with a number of cookie cutter stores withdrawn from Hong Kong, and in the general environment of the failure of “one country, two systems” in Hong Kong, the previous investments face greater losses.
Recent Comments