Tang Junming’s sale of Repulse Bay Ming Court is estimated at 3.5 billion

In recent months, the property market has been slightly stagnant, and investors have taken advantage of the sale of the entire property. Kodak Group, the senior investor Tang Junming, recently commissioned DTZ to launch the Mingyuan tender at No. 121, Repulse Bay Road, Repulse Bay, Southern District. The tender was closed at noon on March 28, and the market valuation was about 3.2 billion to 3.5 billion yuan.

DTZ Debenham Tie said that the project covers an area of ​​about 12,131 square meters. It was purchased by Kodak Group about 30 years ago and built a 28-storey tiered full-sea view residential building. It was incorporated in 1994.

Tang Junming disclosed in 2015 that he intends to renovate the property into a serviced residence; DTZ said that the owner had considered rebuilding the site into a luxury residential project with 11 people, each with a usable area of ​​more than 3,000 square feet.

The project has a construction floor area of ​​approximately 36,000 square meters. Market participants estimate that the market value of each floor is about 89,000 to 97,300 yuan, and the entire site is valued at 3.2 billion to 3.5 billion yuan.

Kai Si Founder ST. ANDREW’S PLACE

In addition, according to market news, Shangshui ST. ANDREW’S PLACE is a double-sized house with a practical area of ​​about 3,344 square meters. It has recently been sold for about 45 million yuan, with a price of 13,457 yuan. According to the Land Registry, the site was held by CHEERFUL LIMITED. The directors of the company, including the founder of Kaisi Education, Lu Zhaoyuhong, etc., purchased 37.738 million yuan in 2007, with an appreciation of 7.262 million yuan (about 19.2%).