Yau Ma Tei 3.2 million acquisition of old buildings

Huaxia Property (00278) is acquiring the old building project No.16-22A in Dechangli, Yau Ma Tei. After an interval of more than half a year, an acquisition was made. The transaction price was 3.2 million yuan, and the property price hit a new high.

Huaxia Real Estate Has 19 Partners

The consortium accelerated the acquisition of old buildings in the urban area. In early 2011, Huaxia Real Estate, which acquired the old buildings of No. 16-22A of Dechangli, purchased 1.7 million yuan in June last year. After purchasing a unit, the group separated by half a year. In the same month, the Bank reimbursed 3.2 million yuan to purchase the third-floor unit of the project, covering an area of ​​398 square feet and selling at a price of 8,040 yuan, which is 95% higher than the purchase price of 1.64 million yuan from the above-mentioned unit seven years ago. According to the statistics, the consortium acquired units under the name of Xingfu Investment Co., Ltd. The directors of the company include Zhong Qiwei, Zhong Renwei and Zhong Yingwei, and three of them are executive directors of Huaxia Real Estate.

The 16-to-22A building in Dechangli is 53 years old, which is already in compliance with the standards of strong shot threshold. The property is 7-storey with 6 teams on each floor. It is reported that Huaxia Real Estate currently holds about 19 projects. Referring to the prices of nearby second-hand properties, such as Xuwei Pavilion, which is 19 years old, is located in Room A of the middle of the property. It has a saleable area of ​​187 square feet and was sold for 3.48 million yuan, and the price was 18,610 yuan. As the property is located in an urban area, it is only 5 to 10 minutes walk from the Yau Ma Tei MTR station. After the property is reconstructed, the value can be seen as high.