The Industry Department’s three-person property set is over 100 million

In the fourth quarter of last year, the property market was cold, but it began to rebound from the Lunar New Year. The government is more eager to take out the former government dormitory property. The Industry Department announced yesterday that three former government hostel properties in Pokfulam and Tai Hang on Hong Kong Island were sold, with a total of more than $120 million.

For the purpose of the survey, the department has tendered for the sale of 5 properties in 1 or 2 carparks. The property valuations ranged from $39 million to $45.1 million with a market value of $200 million. A total of 31 bids were received at the time of the tender closing on the 22nd of last month, but only three properties were sold.

Take back two properties

The three properties sold are the 25th floor of Block 43 of Baguio Bay, Pokfulam and the 154th and 203th floors of the 41st to 44th floor, and the 44th floor of Block 44 and 41 to 44. The area is about 2,078 square feet, and the highest bid price is 4,238,000 yuan and 36.28 million yuan respectively. The last one is the 12th floor, 12th floor, Block A, Yufu Building, Tai Hang, with the No. 12 parking space on the C1 floor. The practical area is about 1,570 square feet and the highest bid price is 42.18 million yuan.

For the remaining 3rd floor of Block A and the ground floor of Block B, Beckham Bay, and the 4th floor of Block 44, Block 44 and 44, Block B, the department announced the cancellation of the tender for the two properties and the recovery of the property.