How much would a ground level commercial piece of property cost in Wan chai,Hong kong?

Question

I am starting to look into opening a bar/pub in hk. I am looking for a rough guess as to a price for a typical property used for a pub.

Also, do most pubs/bars in hk buy the property or lease it?

Answer 1

Probably no one will sell you, and in any case prices are crazy (around 18 to 25 thousands HKD per square foot (1 USD=7.8 HKD). All bar/pubs in Hong Kong are in leased property, including all bars and pubs in Lan Kwai Fong and SoHo

Wanchai is vague, because prices there may vary too depending from location :

a little shop like this

Add: Shop No:189 、Hennessy Rd 、Wan Chai ,H.K, ground floor

Size Net/real: 600 square feet. Declared Total 1200 sq feet

Includes 1 W.C 、Back door ,Back area of 120 square feet, door width WIDE : 13" Height  : 9' 4"  

Has the following prices: rental  65,000 HKD month

Management fee : $600 HKD/Month

General fee : HKD 1800 /Month

total is 67,400 HKD  or 8,641 USD for less than 60 square meters real