Jotun Street in Jotun Investors 168 million purchases

The site of No. 2 to 4, Cheung Lok Street, Jordan, was tendered for sale. It was eventually acquired by investors for $168 million. The site covers an area of about 1,830 square feet. It is now classified for commercial use. The maximum redevelopment of the site is about 22,000 square feet.  Calculated, the land price per square foot is about 7,650 yuan, which is expected to be used for investment purposes.

Information from the Land Registry revealed that Sites 2 to 4, Cheung Lok Street, Jordan were sold for $168 million. The buyer was a Lai investor. The site is about 5 minutes walk from the Jordan MTR station and is suitable for commercial or hotel retail development. It was sold through measurement lines last year.