New World denounces 150 million acquisition of 33 old buildings in Tai Kok Tsui

Acquisition of old buildings active, New World (00017) and then denounced 150 million acquisition of Tai An Tsui Wan On Street, a total of 33 old buildings, together with the earlier acquisition, has accumulated about 1 billion acquisitions.

According to the EPRC Economic Real Estate Library, there were another 33 acquisitions at 14 to 30 Wan An Street, involving a total of 150 million yuan. Among them, the purchase price of residential units was about 100 million yuan, with the purchase price of about 5.25 million to 7.88 million yuan for each group, while the purchase price of three shops was 1,600 million yuan, involving a total of 48 million yuan.

New World had earlier purchased two old buildings, Wan An Street and Tai Kok Tsui Road adjacent to it. Over 130 builders have been acquired so far. The estimated cost involved is about $ 1 billion. It is estimated that the site will provide about 270,000 square feet of floor space upon redevelopment.

In addition, Wong Tai Sin Hing Fung Street, 45 to 55 Fenghua floor record 7 acquisitions. EPRC data show that a total of about 25.1 million yuan involved, each purchase price of about 2.99 million to 3.93 million range, practical foot price 12,000 yuan.