Wanchai old building acquisition war high to see 50,000
An area of 260 units at 5th Street, Wan Chai, with a price of 50,000 yuan changed hands, creating a new high in the same location. The registered address of the buyer company is located in the public housing estate, which is estimated to be on behalf of the consortium. The lot is now concentrated in the hands of four companies and will be preparing for the acquisition.
Near Pacific Place, with a site area of 7,500
Wan Chai Street is adjacent to Queen’s Road East, Wing Fung Street and Tai Ko Wan Phase 3. It is a relatively short inner street. It has 5 buildings with about 5 storeys, including Rising Sun Building, Ri Sun Building, Ri Hing Building and Shun Wai Building. With a total age of more than 40 years, the company has provided a total of about 44 residential units with a total site area of approximately 7,500 square feet. Recently, some units have acquired the price of 呎, and the high level is 50,000 yuan. The unit is 4th Floor, 5th Street, with an area of 260 square feet. It was signed in June last year and was only sent to the Land Registry for registration last month. The transaction price was 13 million yuan, which is equivalent to the price of a two-room property in Taikoo City.
The new buyer is China Shipping Trading Co., Ltd., the company’s director and company secretary. It is a two-person Lin surname. The registered address of the company is a unit of Kaitian Village, Lantian Public Housing. It is estimated to be acquired on behalf of the consortium.
There are only 4 units on the 5th Street. The previous transaction was traced back to 2006, and the 3rd floor unit was sold for 2.57 million yuan. The new buyer, Lili International Co., Ltd., now holds 6 units on the Japanese street. As for the other two groups, they are held by individuals.
Ten years ago, the consortium had successively inserted flags.
The acquisition potential of the lot is high. It has attracted the consortium to “flag” as early as 10 years ago. The current day street unit ownership is mainly concentrated in the hands of four companies, involving a total of more than 20 groups, and holds a maximum of 7 groups with a name called Yueyin Investment Co., Ltd. In addition, the relevant developers of the old-fashioned developers, Li Deqian and Li Deming, held three companies in the name of the company, all of which were purchased in 2015 for a total of 30 million yuan.
As the residential property rights in the region are further divided among the consortiums and investors, it is difficult to avoid the acquisition of the ownership of each holder at a high price.
In the past, the Group has also acquired the Wing Fung Street and Sing Street Apartments for the purpose of redevelopment. It is estimated that the Sham Shui Property will be for Swire Properties. Certainly attractive.