SHKP Overcomes Nearly 300 Million Sweeps Over Old Buildings at Bowrington Road

Xindi (0016) has purchased the land of Kai Tak to a record price of more than $25.1 billion from last week. The pace of the development of the land reserve has not slowed down. Instead, it has been more active in the acquisition of urban old buildings. In 2015, Xindi abandoned its acquisition of Rongan Building, Nos. 7 to 11 Bowring Road, but it recently increased its price by at least 10%. It recently spent more than 285 million yuan to purchase 4 stores in a row. It is reported that together with other locations, the new land has acquired 90% of the property rights, and it is expected that the ownership rights can be unified through strong shots.

Has purchased 90% of the right to apply for strong shots

According to market news, SHKP recently purchased four ground floor stores, Nos. 7, 11, 13, and 15 of Bowrington Road, with an area ranging from 760 to 1400 square feet. The transaction price ranged from 60 million to 80 million yuan, equivalent to a discount price of approximately 5.7. In thousands of cases, the No. 15 760 Bowring Road Shop was acquired for 80 million yuan, and the price was over RMB 105,000. The bid was very aggressive.

According to the information of the Land Registry, Xindi recently reacquired the ownership of No. 1 to No. 17 of Bowring Road. Among them, the Rong’an Building of Bowrington Road, which was abandoned in 2015, is now re-acquired at least 10%. The new buyer is UNITED ASSET LIMITED and the company’s director Li Xin is the new land or representative of the relevant person. In the past, when SHKP acquired the above lot, some of the owners had to sign a conditional provisional purchase and sale contract. The developer paid in stages first, and Xindi was entitled to choose not to buy the property. It is reported that the owners of this acquisition have also signed conditional provisional sales and purchase contracts.

Hengdi acquires 80% of the two projects in Tai Kok Tsui

In addition, the “flag-grafting” residential project in the Heng Tei (0012) Tai Kok Tsui area has increased to seven. Han Jiahui, General Manager of Hengdi Business (II), said that the group recently acquired 80% of the old buildings of Tai Kok Tsui Road and Wan An Street, resulting in the increase of “Leo Fang” series of projects from 5 to 7, 7 Site area more than 110,000 square feet. At present, Phase 3 (ie Haixing Building) has begun demolition and it is expected to start selling at the beginning of next year. In the fourth phase, it will be planned, and the fastest will be at the end of next year or 2020.

Agile 46.94 Million Purchased Han Bi Villa 2 Partners

According to the Land Registry, a practical 870 square foot unit on the 2nd floor of Hanbi Villa on the 9th Yiben Road in Beaconshan, Kowloon, and a practical 1,046 square foot unit on the same floor, was awarded a total of 21.13 million yuan by Junlang Development Co., Ltd. and The purchase of RMB 25.627 million was accompanied by a total of RMB 24,500, with a total investment of RMB 46,922,000. The above directors of the company are Chen Zhuolin, Chairman of Agile (3383), and Chen Zhuoxiong, an executive director and senior vice president. In fact, in recent months, Agile or related parties have also used the company’s name to defame more than RMB 713 million for the acquisition of 34 neighboring Longpu villas on the 6th adjacent Yipeng Road. It is estimated that 77% of the owners will be involved in the ownership. There will be an opportunity to merge two projects.