Sa Sa (00178.HK) has moved into a large ground-floor shop at Mong Kok's Nathan Centre, with a monthly rent of HK$450k, an increase of nearly 29% over the previous tenant.

Chung Yuan (Commercial & Industrial) said it has recently successfully facilitated a leasing transaction for a shop unit spanning over 2,000 sq ft on Nathan Road in Mong Kok. The new tenant is Sa Sa (00178.HK) +0.010 (+1.087%), a chain cosmetics retail brand, with a monthly rent of approximately HK$450,000. A senior district sales director of the firm’s shop department, Wong Sun-yu, said the property involved is located at Shops G1 to G2 and Shop G13, G/F, Nathan Centre, Nos. 580G to 580K Nathan Road, Mong Kok, with a total area of about 2,430 sq ft (not verified). He added that Sa Sa recently pre-leased the premises at a monthly rent of about HK$450,000, translating into an average rent of about HK$185 per sq ft.

Wong further said the current tenant of the shop is a chain retail brand, which moved in at a monthly rent of about HK$350,000 in 2024, and the lease term will expire in July this year. The landlord had previously put the property up for rent in the market, quoting an asking rent of about HK$580,000 per month. It was ultimately leased at about HK$450,000, representing a price reduction of about 20%. However, compared with the previous rent, the new rent represents an increase of about 28.6%. (da/u) (Hong Kong stock quotes are delayed by at least 15 minutes.)

Related content: Sa Sa (00178.HK) first fiscal quarter overall turnover up 22.9% year-on-year; same-store sales in Hong Kong and Macau up 30.1%