Reunification and the reunification of the Queen’s Road East property rights

Hopewell Industries (00054) was granted a compulsory auction of old buildings at 153 Queen’s Road East, Wan Chai and was auctioned by Savills yesterday. As a result, Hopewell Industrial successfully won the bidding price of $ 81.2 million to unify the building ownership. Together with Hopewell’s adjoining Queen’s Road East, 153A Queen’s Road East, Hopewell Executive Director Wang Yonglin said the group had earlier consolidated its title without a strong beat.

153 Queen’s Road East, near Hopewell Center, is a 6-storey commercial and residential property about 44 years old with a site area of ​​about 865 square feet. According to the information, when Hopu filed a patent application last year for a total of about 87.5% of the property ownership and applied for the development of a 26-storey commercial building (including a 1-storey basement) from Queen’s Road East 153-167 to the Town Planning Board And 4-storey platform), with a minimum of 9 floors for retail and restaurant use. On the 16th floor is an office building with a gross floor area of ​​over 115,000 square feet.

Strong beat cases increased by more than 20%

Mr Chan Chau-kwok, Managing Director of Savills Valuation and Professional Advisers, said yesterday that An Lot Road residential estate in Kwun Tong was opened for bidding at the tender. Twenty-two tenders were received at tender closing. This shows that the current competition is very fierce and land prices are directly raised. Disguisedly Reducing the Opportunity for Small and Medium-sized Developers to Successfully Get Ground-level Surface Properties for Sale, Encouraging them to Move to Old-Owned Lands with Smaller Investment Volumes to Increase Land Reserves; Recently, a large number of domestic properties have successively joined the ranks of acquisition of old buildings, The number of strong beats increased by more than 20% over last year.