The family of Hong Kong's late "shop king" Tang Shing-bor sold a shop in Tsim Sha Tsui for HK$32.5 million, suffering a paper loss of over HK$24 million after holding it for nearly 14 years.

The 890-square-foot ground floor shop on 43 Granville Road saw the selling price come in at HK$36,500 per sq ft.

Tang's family bought the shop in June 2010 for HK$56.8 million. This would mean the property depreciated by about 43 percent in value over the years.

In the primary market, Topside Residences in Jordan, redeveloped by CSI Properties (0497), is expected to roll out its first price list early next week.

The project provides a total of 259 flats, of which 137 are two-bedroom flats. The show flats will also be opened next week.

In Pak Shek Kok, Sun Hung Kai Properties (0016) raised the prices of nine flats in phase 2 of St Martin by 0.5 percent to 9.3 percent. Phase 2 offers 640 flats in total.