Huayao purchase East China warehouse building to be rebuilt

Yau Tong With the redevelopment of a number of industrial and commercial redevelopment projects, the redevelopment potential of the industrial and commercial buildings in the district has also attracted developers and investors. Among them, Chinachem has purchased about $ 400 million from Dongyuan Street East China Warehouse Building, $ 4,023, or planned to rebuild.

At present, there is a general interest rate of $ 2,500 to about $ 3,500 in the Yau Tong area, which is lower than that of the Kwun Tong District. The construction potential is due to the potential for the construction of the whole building. High prices to undertake.

If you rebuild the house, you must pay the land premium first

For example, Dongyuan Street on the 4th East China warehouse building earlier 41.27% of the title to launch the tender, and ultimately to about 398 million yuan change hands. It is reported that the building by the developer of Chinachem purchased to the four floors involved, the building area of ​​98,928 square feet, the price of about 4,023 yuan.

As Huamao is currently holding a lot of floor in the building, do not rule out the planned repurchase property to rebuild. East China Warehouse Building was built in 1978, 7-storey building, covering an area of ​​about 26,000 square feet, the site size, high plasticity, if the reconstruction of residential land to be land premium. In addition, the old factory held by the old manufacturers for many years Yupang four mountain street safe industrial building all the buildings, also last year to about 530 million yuan to undertake, the price of about 3,386 yuan. It is reported that the new buyers are expected to hold the rent for the current lease, the estimated rental rate of more than 4%.