Star Real Estate 80% Property Rights

Starfield Properties (01560) acquired nine more transactions at the Linbian Building in Jiulongtang, involving a total of RMB146 million. Together with the previously acquired units, it has accumulated RMB310 million so far, and it is expected to acquire more than 80% of the property rights.

According to EPRC’s economic and real estate database, the forest edge building recently recorded nine more transactions. The purchase price ranged from 15.1 million to 18 million yuan, involving a total of 14,600 yuan.

If there are a group of units and parking spaces acquired earlier, the developer will accumulatively purchase at least 20 houses and 21 parking spaces, accounting for more than 80% of the total ownership, and have the right to apply for strong auction rights.

As for the Quarry Bay Civil Servants Cooperatives, 14 to 16 Bogard Hill Road, there were four more acquisitions involving a total of 130 million yuan. The purchase price of each group was priced at $21.78 million. The new buyer was Fulan Holdings Limited, an overseas registered company.

In addition, the Jiujian (00034) Koch family has acquired the floor and purchased the lowest floor of Haocheng Building, Mid-Levels West, with an area of ​​550 square feet. The latest price was RMB 18,455. According to statistics, the new buyer is Ke Peiyi. Haocheng Building, 51 years old, is located beside the Banshan Automatic Escalator and is adjacent to the residential project