HK investor sells Tsim Sha Tsui shops at 40% discount, still profits US$30M

A long-time Hong Kong property investor sold a portfolio of prime street shops in Tsim Sha Tsui for HK$256.8 million, over 40% below the original asking price, yet still realized a profit of HK$237 million after holding for over four decades. The sale reflects ongoing weakness in Hong Kong's retail property market amid high interest rates, but the investor's long holding period insulated gains. This signals continued downward pressure on commercial property valuations in Hong Kong.