Tendering of 210 million yuan for the old building of Yueyuan Street in North Point

Pan Jingyi, director of Jones Lang LaSalle’s Capital Markets Department, said that the old owners were commissioned to sell the entire building at 18 and 20 Yueyuan Street in North Point on tender, and the tender was closed on May 21. The project is now a 4 storey Gaotang Building completed in 1955. The site area is about 1618 square meters. It can be developed at the highest plot ratio of 15 times. The market value of the project is over 210 million yuan, that is, the land price per square floor is about 8653 yuan.