Property & Rental Data
Source
Section titled “Source”Rating & Valuation Department publishes rental indices by district, property class, and size.
- Source: RVD quarterly reports
- Format: XLSX
- Caveat: Publishes indices (trends), not actual rents for specific addresses
Estimated Rent for Wa In Fong East Area
Section titled “Estimated Rent for Wa In Fong East Area”| Type | Size | Est. Monthly |
|---|---|---|
| Ground floor retail | 400 sq ft | HKD 35,000-45,000 |
| Ground floor retail | 600 sq ft | HKD 50,000-65,000 |
| Upper floor | 400 sq ft | HKD 15,000-22,000 |
Physical Constraints at 14 Wa In Fong East
Section titled “Physical Constraints at 14 Wa In Fong East”Wa In Fong East is a narrow historic street:
- Typical frontage: 12-15 ft
- No dedicated parking
- Delivery access restricted during peak hours
- Pre-1970s tong lau: potential structural limits for heavy kitchen equipment
- Ground floor only viable (upper floors lack ventilation duct access)
Why It Matters
Section titled “Why It Matters”Rent is the largest fixed cost for any F&B operation. At HKD 40,000/month for 400 sq ft, a restaurant needs ~HKD 2,000/day revenue just to cover rent. At 15-20 covers/day (see Huff Model), average spend needs to exceed HKD 100-130 per head.
This directly constrains viable business models and pricing strategies.