"The commercial property market has been heated up with substantial transactions recently. A number of buyers are acquiring Grade A offices for own use or for lease. The upper floors of Far East Finance Centre and Bank of America Tower in Admiralty were sold at the price of HK$ 33,900 per sq ft and HK$ 33,815 per sq ft, respectively in August. Whereas the top floor of The Center which is next to the Grand Millennium Plaza, was sold at a record price of HK$ 38,000 per sq ft. The estimated price of Grand Millennium Plaza (Low Block) is HK$ 21,000 per sq ft and the average rental price is at HK$55 per sq ft which represents approximately 3% yield in rental. With its prominent location, floor space, quality and the reasonable price, the property is said to be a combination of perfectly unique."
