Amoy large industrial village Shen Qiang auction valuation of 640 million
Hang Lung Estate, Ngau Tau Kok Estate, Ngau Tau Peak, which occupies nearly 80% of the property in Hang Ngau (00101), was the first to file an application for compulsory auction to the Lands Tribunal with a property valuation of nearly $ 642 million.
According to the Lands Tribunal’s documents, the first block of Amoy Industrial Estate was completed in 1961. The building age is 56 years and covers an area of about 20,700 square feet. It is an 8-storey industrial building with an underground building Store, the applicant holds 84.85% ownership of the building.
Last year there were four mini-fires in the warehouse, and 108 hours of incineration were first extinguished. It is the second evergreen fire station in Hong Kong. Later, the grand landlord Hang Lung Properties this year to Wang Pu Deng Chengbo family over 500 million yuan holdings of the ground floor full floor, so that the ownership increased to more than Bacheng.
Reconstruction of residential land without premium
Guanghui, a director of Hang Lung Properties’ group messaging and investor relations, said the group intends to rebuild the project. There are no other supplements yet. According to the information provided by the TPB, the current land use of the building is “Residential (Group A)”. Market participants pointed out that the building is also an “old deed” project, which means there is no restriction on the use of land and the redevelopment is not subject to land premium.
Kowloon East Industrial Building was welcomed by the market. According to sources, the earlier bidding of Whole Factory Building, 368 Kwun Tong Road, has been actively negotiated and concluded by the purchaser. The earlier price of the property was about $ 1.8 billion. The market expects the transaction price to be close to Maxwell Industrial Building, 350 Kwun Tong Road, which was sold out earlier by 1.39 billion yuan.
As for commercial buildings, Commercial Building, 107 How Ming Street, Kwun Tong, closed its tender yesterday and received a total of 3 tender documents. The pre-intention price of the same building was about $ 1.38 billion.