Fortune Defeng 2 Billion Purchased 55 Building Partners Building
The city’s land is available at a price. According to the Land Registry, the old building of Yundi Building in Happy Valley was acquired by the consortium for more than 50 years. The investment involved is about RMB 2 billion, and it is estimated that more than 80% of the property has been acquired. The buyer is Wheelock Real Estate.
The material has accounted for more than 80% of the ownership
The Yundi Building is located at 15 Yundi Road, Happy Valley. It was completed in 1963. The building is 55 years old. The total number of housing estates is 67, and the saleable area ranges from 1,038 to 1,474 square feet. Information from the Land Registry showed that the estates had just recorded 55 transactions. Even with the same basket of parking spaces, the total transaction price was about 2 billion yuan, and the acquisition price was between 24,000 and 40,000 yuan. The site area of the property is approximately 17,000 square feet, with a plot ratio of 5 times and a floor area of approximately 85,000 square feet.
The registered buyer was Shibo International Co., Ltd. and the company’s director was Xue Jianping. He had earlier acquired Xiwanhe Building and the site has been rebuilt as the new property ISLAND RESIDENCE. The developer is Wheelock Real Estate.
According to the Land Registry’s information, two acquisitions were recorded at the Yanbian Building in Mid-Levels West with a total transaction price of RMB 43,38.8 million. The acquisition of the consortium was Chinese Aoyuan (03883).
In addition, Henderson Land (00012) applied for strong shots on the two old buildings of Huangpu Road and Baoqili Street in Hung Hom. A small property owner questioned the developer’s valuation principle of rebuilding the site for merger and development. It should be calculated based on a plot ratio of 5 times rather than Nine times, after the court’s deliberation, it finally did not accept the views of the small owners.