Retail space proves a profitable investment A 1,529 square foot Causeway Bay retail space was sold for $34 million, or $22,368 per square foot. An agent said the previous owner bought the shop in 46-54 Yee Wo Street for $26 million in May. He said the new owner could renew the lease at a higher price as a road-construction project nearby was completed. Sale of luxury home A luxury residential house in Le Palais, Tai Tam, has sold for $48 million, or $10,979 per square foot. The 4,372 square foot house facing Turtle Cove beach was built four years ago.