Hengdi Landing Road site Shen Qiang shot worth 700 million

In recent years, Henderson Land (00012), which has increased its land bank through the acquisition of old buildings in the urban area, has submitted three compulsory auction applications to the Lands Tribunal this month. The latest one involved the old buildings in the area of Lok Shan Road and Sheung Wan Road. (hereinafter referred to as the site of the downhill road), Hengdi has held about 84.292% of the title of the project, with a market valuation of about 700 million yuan.

The latest application for the downhill site of Henderson Land belongs to the 58-70 Lok Shan Road, To Kwa Wan, 18 to 20, Sheung Heung Road, and the old building, 1 to 9 Mei Wah Street. The existing site is an 8-storey old building completed in 1960. floor.

The site of the downhill road site covers an area of about 10,196 square feet. It is only about 5 minutes walk from the MTR (00066) Sha Chung Line To Kwa Wan Station. Henderson has about 84.292% of the title. According to surveyors, the total value of the project is about 6.9958 billion yuan.