22/6/2018-8

Tsim Sha Tsui Hotel Tender Records Over 30 Groups

the continued increase in the number of visitors to Hong Kong and the recovery of retail data, the atmosphere of hotel investment has been booming. The company’s executive director, Zhou Bainian, said that the bank’s owner’s exclusive entrustment to tender for the sale of the No. 5 property on the Mending Road, Tsim Sha Tsui, even the naming rights, and the hotel’s licence, an intention price of about 488 million yuan. Once the project was completed, more than 30 groups of buyers were immediately consulted, and two of them became buyers in the Mainland.

Closing date extended to August 7

In view of the favorable response, Zhou Bainian pointed out that the relevant owner has decided to extend the closing date to 12 noon on August 7th. As the property was renovated and expanded in the early years, it took the owner nearly three years to successfully apply for a new hotel licence, which has greatly increased the value of the property. The site area is about 1,215 square feet (unverified). The total floor area is about 13,209 square feet (unverified). There are 33 hotel rooms in total. The property is adjacent to the pedestrian section of Nathan Road and is adjacent to major shopping malls such as “K-11”, “The One” and “Harbour City”. It is a place where tourists gather. It is of great investment value and deserves to be seen as the top line.

There are also many properties on the same street in recent months. Many properties have been introduced in the market. Zhou Bainian disclosed that on the 8 Cameron Road, the site area was approximately 2,389 square feet (unverified), and the city passed RMB 1.5 billion for sale; 30 Mody Road, the whole building The commercial building has a site area of ​​about 1,218 square feet (unverified), and the city has sold and sold 700 million yuan.

With regard to future market conditions, Zhou Bainian believes that with the completion and commissioning of future high-speed rail and Hong Kong-Zhuhai-Macao Bridge infrastructure, the exchange between Hong Kong and the Mainland will be accelerated, the number of tourists will continue to rise, and the entire property will be watched by the market. To be enthusiastic, investors should speed up the pace of entering the market.