Dezhou Plaza, Chai Wan, with an intentional price of 1.2 billion

Recently, the whole building was closed for sale, and the owners sold the entire building of Dechang Plaza in Chai Wan with an intentional price of about 1.2 billion yuan.

CB Richard Ellis and Savills Davis were commissioned by the owner to sell the Dechang Plaza, 14 to 16 Lizhong Street, Chai Wan for the joint exclusive agency. The closing date is October 11. The property is a revitalized industrial building. The refurbishment works are expected to be completed this quarter. The 11-storey building has an area of approximately 7,000 to 9,000 square feet and a total floor area of approximately 95,476 square feet. The property has obtained government approval for catering, shops and leisure centres. , education centers and office buildings. Wang Zhenkang, executive director of CB Richard Ellis Capital Markets, said that the property intention price was 1.2 billion yuan and the price was 12,569 yuan.

Siu Shun-hsin, senior director of Savills and head of the Kowloon Department, said that the traffic in Dechang Plaza is convenient. The sale of the whole building is a rare project on Hong Kong Island. According to the data, the owner purchased 236.61 billion yuan in 1993, and the company’s directors included Wang Haoyi, vice chairman of Johnson Electric (00179).