2 Billion Yuan to Purchase JFK Building

According to market sources, the old family owned Jotun’s Kim Fung Building and obtained the capital strategy (00497) to purchase about 2 billion yuan.

The property was completed in 1960. The building is 16 storeys high. The ground floor and basement are shops, and the office building is upstairs. The total floor area of the whole building is approximately 60,798 square feet. The market value of the building is 2 billion yuan and the average price is approximately 33,000 yuan.

On the other hand, Mr. Luo Zhongying, director of Midland Commercial Sales, said that he was entrusted by the owner to broker the Middle East Financial Center of Admiralty Room 02 to 03. The property has an area of approximately 5,406 sq. ft., which is the intended selling price of approximately RMB 319 million and the selling price of RMB 59,000. .