The old building of the Can Folish Road

Tsim Sha Tsui Kurdish Road, an old building, due to the acquisition of many years still owed a group of unified rights, it is now apply to the Land Tribunal , To accelerate the reconstruction.

It is understood that the consortium of Wu and Young was about six or seven years ago, with the consortium spending about $ 600 million at the beginning of last year and buying underground three After the ground floor, then only the remaining two units on the fourth floor in order to unify the title.

Since the Fischer Roads One and One have completed the acquisition, the application for the application has been made to the Land Tribunal’s application to the Lands Tribunal. The two floors are shared by a consortium, and the fourth floor is owned by Yu Tai Hing, an expert in the acquisition of old and old buildings in Hong Kong. The consortium has exhausted reasonable methods and procedures, Have not been able to purchase units from Yu Tai Hing, only through the use of strong shooting regulations to complete the acquisition and reconstruction. Commissioned by the consortium of the surveyor, for the property valuation of about 241 million yuan, Yu Taixing unit worth of about 6.73 million yuan.

The property covers an area of ​​about 2333 square feet, such as the same area and on the 1st A site, with a total area of ​​about 4800 square feet, because the Tsim Sha Tsui area is the focus of food shopping and leisure, it is estimated that the consortium should be built, To plot ratio of 12 times, can be built about 58,000 square feet, about 15 stories high.

In addition, the letter set up (00083) together the Empire Group to invest in the development and management of the Ocean Park Fu Lidun Hotel, month before the completion of the agreement with the Government, involving premium 750 million yuan.

The hotel is located in Tai Shue Wan Ocean Park Water Park next to an area of ​​about 13.3 million square feet, can be built about 436,700 square feet, the price of only about 1717 yuan per foot; and in 2013 by Lai new development (00488) The Ocean Park Marriott Hotel, per square foot floor price of nearly 4,500 yuan compared to the premium even by about 60%. The hotel is expected to start in 2020 and is expected to total investment of approximately $ 3 billion.