Yongyi Causeway Bay old building approved the auction price of 440 million

The auction was approved by the Lands Tribunal on the 11th to 13th floor of Causeway Bay, Causeway Bay. The auction price was $ 441 million. The estimated floor price per sq ft 16,000 yuan.

According to the verdict, the court accepted the developers in the strong shot, the age of more than 50 years, plus the applicant holds 85.7% of the title, in line with the minimum 8 jobs strong shot requirements, and poor quality of the building, if Maintenance costs of 5.189 million yuan, agree that there is a need for strong beat.

The court also agreed that the developers had adopted a reasonable procedure for the acquisition, including the purchase of $ 150 million to $ 160 million at 3 degrees by 2015 and the price increase of $ 180 million in April this year. The final small owners still did not accept.

Per square foot floor price of about 16,000

As the developers and small owners commissioned by the surveyor on the land reconstruction value of the differences, the final court to accept a higher valuation as the reserve price of the project auction, price 441 million yuan, if the project can be rebuilt floor 28,000 square feet , Per square foot floor price of about 16,000 yuan.

In addition, developers and small business owners have reached a consensus, the small owners of the ground floor of the total value of the old building to 42%. In other words, if the old building to the reserve price of 441 million yuan turnover, the small owners can be received 185 million yuan.