Tai Honghui 210 million to buy West Village old building rights
Great Honghui actively involved in the acquisition of the old building, just about 210 million acquisition of West Central Des Voeux Road West old building, involving more than 8 industry rights, is expected to merge with the development of Connaught Road West project to expand the site area to 15,000 Square feet, will be rebuilt into commercial projects.
Material and build commercial buildings
Located on the west side of the West Wing Desheng Road 99 and 101 old buildings, belonging to a 9-storey commercial and residential buildings, in 1962 occupation, the current age of about 55 years. According to EPRC economic real estate library data show that the old building has just recorded 15 transactions, involving 14 residential units, and a shop with loft, a total of about 210 million yuan involved.
New buyers are NEW DORSET INVESTMENTS LIMITED, belonging to an overseas registered company, the former building in front of the acquisition of Tai Honghui acquired Connaught Road West 96 to 103 site, the purchase of the old building to benefit the expansion of the scale of the Group.
Mr David Leung said that the above-mentioned old buildings were acquired by the Group in the near future and hold more than 8% of the existing title. They will continue to purchase the remaining title. If they do not succeed, they will apply for a strong film. After the successful reunification of the site, the site area of the redevelopment project will be expanded to 15,000 sq. Ft., With a floor area ratio of 15 times, and a floor area of 225,000 square feet. There are currently two development programs, including redevelopment of pure commercial buildings or Reconstruction of commercial hotels with commercial projects.
The purchase price proposed by the developer ranges from about $ 8.8 million to $ 1,298,000 for each group of residential buildings. For example, the purchase price of $ 8.8 million at 2 / F, Des Voeux Road West, with a usable area of 678 sq ft and a premium of about $ 13,000 ; And the purchase price of $ 7,700 at the ground floor of the Sheung Tak Road West 99, and the remaining premises and the two residential units will be unified.