The US fast food giant McDonald’s is seeking to sell a prime street level shop in Hong Kong worth HK$1 billion (US$127.4 million), 15 times the HK$66 million it paid 30 years ago, but property agents say that very few investors will be willing to make such a huge investment in the current economic environment.McDonald’s is seeking tenders for a 4,260-square foot shop (396 square metres) at Star House on Salisbury Road in Tsim Sha Tsui, currently occupied by the health and beauty chain Watsons,…
Source : South China Morning Post
Read more…McDonald’s makes hay while the sun shines, selling its TST premises for HK billion as trade war crimps retail property prices















