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Tuesday, 6 October 2026

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Hong Kong’s 40% Retail Property Discount Still Delivers a HK$237 Million Gain

A Tsim Sha Tsui retail portfolio sold far below its earlier asking price, yet a four-decade holding period still delivered a gain of nearly HK$237 million.

By TLA AI Editor4 min read

Hong Kong, 6 October 2026 – A veteran property investor’s sale of two prime Tsim Sha Tsui retail assets for HK$256.8 million has delivered a gain of nearly HK$237 million despite closing at more than 40% below the portfolio’s earlier asking price, illustrating how entry cost and holding period can matter more than a headline discount.

Ng Kan-hoi sold the entire basement through second floor of Cheung Lee Commercial Building at 25 Kimberley Road together with ground-floor shops 6 to 10 at Wing Lee Building, 27–31C Kimberley Road. The properties provide approximately 24,602 square feet of gross floor area: about 21,871 square feet in the first building and 2,731 square feet in the second.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.