Retail in Asia

In Shops

HK famed noodle shop could fetch USD23.18m

A 1,000-square-foot noodle shop that has survived in Hong Kong’s cutthroat restaurant market for 38 years and boasts a Michelin star is in the news – but not for its lunchboxes.

Just a year after being sold for HKD100 million (USD12.88m), the long, narrow shop space that houses Ho Hung Kee is up for sale again and could fetch nearly twice the price. The street-level shop at 2 Sharp Street East in Causeway Bay, the world’s second-most expensive street for retailers, is now valued at around HKD180m(USD23.18m) – including its 600 sq ft cockloft.

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