Hengdi 80 million selling Furui Garden

The shops in the Minsheng District are active in trading, and the developers are rushing to stock up. According to the news, a ground floor of Fuli Garden in Tseung Kwan O, which is held by Henderson Land (00012), is now rented by the Elderly Home. It was sold for about $80 million and the price was over $10,000.

It is understood that the construction of the 7th to 14th floor of the Fuli Garden, 7th Yali, Tseung Kwan O, the building area of about 7907 square meters, sold for about 80 million yuan, the price of about 10118 yuan. At present, the shop is rented to the homes for the elderly. The monthly rent is $19.72 million. The rental period is until June next year. The rental return rate is about 3%.

Fuli Garden is adjacent to MTR (00066) Baolin Station. It was developed by Hengdi. It was incorporated in 1994. The developers held most of the shops for many years and rented them for sale. It is reported that the shop that was sold last time began to release in the middle of the year, the asking price was about 117 million yuan, the sale was close to one year, and the final price was sold at 37 million yuan or 31.6%.

According to the information, Henderson has sold two Fuli Garden grounds in 2011, including the No. 6 underground shop adjacent to the site. The building area is 1008 square meters. The transaction price was 15.8 million yuan and the price was about 15,675 yuan.