Hot property developers intend to rebuild the revenue collection property
The hot property market, the old developers also plan to rebuild the leased property. Hsien (00014) Mid-Levels Bamboo Garden, was approved for the reconstruction of five residential units, and Zhuangshi (00367) Jordon London Square was approved for the reconstruction of a 20-storey commercial buildings.
Hessian Bamboo Forest Park built five layers of residential
In recent years, the prices of residential and commercial buildings have hit record highs. Many developers attach importance to examining the properties they hold and apply to the TPB for redevelopment plans. On the one hand, they can deploy for redevelopment themselves and on the other hand, value.
Johnston Square London 20-storey commercial building
Among them, Hsiinhse Holdings owns Bamboo Forest Court, Nos. 74-86 Kennedy Road, which was rents for many years. It was formerly owned by Hysan Lok family mansion. Developers rebuilt it into six residential buildings in 1985 and the developer earlier approved the building by BD Plans to build five 32 to 36-storey high-rise residential buildings with a total gross floor area of 690,000 square feet. If the implementation of reconstruction, will be the Mid-levels in recent years, one of the largest projects.
In addition, Pacific Island Hotel Hong Kong Island 152 Connaught Road West in Sheung Wan held by the Wong’s family of Signal (00083) is also approved to be rebuilt into a 25-storey commercial building with a floor area of about 140,000 square feet. Currently, The hotel is 29 storeys high with 343 rooms.
As for the London-based Jordan House, 219 Nathan Road, which was planned to be divestined four years ago, the developer, Mr Cheung Chuen, was approved to be rebuilt into a 20-storey commercial building with a gross floor area of about 110,000 square feet.
On the other hand, Evergrande (00012) acquired the multi-year project of Whampoa Block 5 in Hung Hom, ending the acquisition. Part B of site 1 to 21, Whampoa Street was approved for rebuilding into a 26-storey commercial / retail building with a total gross floor area of about 178,000 square feet.