Savills Hong Kong Completes Transaction of the Retail Podium of Wealthy Garden, Kwai Fong for HK$310 million

The retail podium of the property occupies four floors, with each floor having a varying gross floor area of approximately 5,297 - 5,677 square feet. All 11 retail units have been fully leased to tenants, including restaurants, banks, and a fitness centre. The exterior of the property is adorned with multiple large advertising panels, enhancing advertising effectiveness.

Located in a bustling area, the property is adjacent to several private residential estates and public housing estates. It is situated next to a pedestrian bridge, connecting Kwai Chung Plaza and Metroplaza, attracting a high volume of foot traffic. The property is in close proximity to Kwai Fong MTR station and multiple bus stops, providing excellent transportation connectivity.

Investment team of Savills stated, “Despite the challenging economic environment, retail units associated with community living have shown resilience. The property being sold has achieved a 100% occupancy rate and is considered one of the projects with higher returns in recent years. With a large population in the area, it is believed that the property will continue to generate significant income in the future.”