Kwun Tong Road, Tsing Yi Road, 1.39 billion transactions
Developers optimistic about the prospects for revitalization of industrial buildings, and actively into the market, driving the whole building blocks increased transaction. The Roche Group has purchased the Maxwell Industrial Building, 350 Kwun Tong Road, Kowloon, for $ 1.39 billion, with a floor price of about $ 6,039 per square foot.
Maisi Wei Building sale soon.
The above site covers an area of about 19,180 square feet, with three sides unilateral wide facade, the largest redevelopment area of about 230,160 square feet.
First Pacific Davis Greater China Chief Executive Officer Li Weiwen said that the project has never been sold in the market for more than half a century, the sale is only a short period of time that transaction, reflecting the property plasticity.
Roche Group intends to build landmarks
Roche Group’s first live engineering project, Lai Chi Kok D2 Place, set the concept of development, such as trendy clothing, creative market and multi-national cuisine. Therefore, the project will refer to the project to create a new landmark of East Kowloon Culture. The Group has also acquired a number of industrial buildings for redevelopment or redevelopment as commercial buildings, including completed projects 57-55 in Kwok Chung Road, Kwai Chung, and 48 to 51 Connaught Road West, which will be completed in 1990.
Due to the recent availability of property and property market, many developers will launch their projects. Kwun Tong Road, No. 368, which is now under sale, is open on the 19th of this month. The site covers an area of about 20,175 square feet.