Asset 138 million purchase Ashley Road ground floor

Capital Strategy (00497) acquired the property rights of old-owned buildings in Tsim Sha Tsui, Tsim Sha Tsui, which had previously been granted strong bidding for $ 138 million. Partial ownership of the remaining projects on the first floor of the project may be completed.

According to information provided by the Land Registry, the developer acquired the ground floor Shop 21A at Ashley Avenue for $ 138 million this month and part of the property on the first floor for $ 20 million. The remaining portion of the remaining floor on the first floor has yet to be acquired.

The above address is now a 6-storey building with an approximate age of 58 years. The developer has so far held 83.3% of the title of the project. Earlier, a strong auction was approved, with an auction reserve of about $ 353 million. The estimated floor area of ​​the project is about 32,000 square feet. The floor price is about $ 11,000 per square foot. It is expected to be redeveloped into a 18-storey commercial building.

Sai Wan Ho Tai Lok floor price 140.01 million shooting

On the other hand, the Tai Lok House of Sai Wan Ho acquired by Evergrowal (00012) will be making a strong bid this morning with an auction floor price of $ 1.401 billion.

The property has a registered site area of ​​approximately 13,173 square feet. It is an 11-storey residential building completed in 1960 and a retail shop located on the ground floor. The developer acquired the property from 2011 and has now successfully acquired 93% of the title of the project. The site is expected to be rebuilt into a 25-storey commercial / residential building for underground retail use.