Kwun Tong Maisi Wei Building, a total of 2 billion auction

The redevelopment value of the East Kowloon Commercial Building, the whole building of the Granville Industrial Building in Kwun Tong is now priced at about $ 2 billion.

Reconstruction of the floor nearly 230,000 square feet

The Kwun Kwong Industrial Building in Kwun Tong is now marked with an area of ​​approximately 19,100 sq ft and 7 sq m high. The gross floor is about 130,000 sq ft and is currently used for warehouse use. The project is located near the Ngau Tau Kok MTR station, with large single side, relatively convenient. It is reported that the property was completed in the 60’s, the age is already old, the new buyers are expected to be rebuilt. According to the maximum plot ratio of 12 times the project, the owner can now rebuild the floor of nearly 230,000 square feet. The owner’s intention is about $ 2 billion. The land price per square foot is about 8,696 yuan.

Looking at the information, the building is currently held by the Chairman of the Maxwell Electronics Group, such as Yu Guangguang. The group bought its own for $ 31.51 million in 1983 and 62 times for property with a final turnover of $ 2 billion.

In addition to the new Mapletree Bay Point, a new building will be completed this year. The project recently recorded the first rental transaction, which is leased by the engineering consultancy company for about $ 25.