Sai Ying Pan Tang House Shenqiang Ratings 160 million
The Lands Tribunal recently received the 10th strong shot application from the Regal Hotel (00078) this year involving the old buildings 160-162 Queen’s Road West, Sai Ying Pun, with a site area of approximately 2166 sq ft. Regal Hotels has unified all the ownership rights of 160 Queen’s Road West, and 162 has collected about 71% of the title, which is calculated on the entire site and holds 85.71% of the total ownership rights. The project is currently located in a ten-storey tenement building with a floor age of approximately 54 years and a surveyor’s valuation of approximately RMB 160 million. Regal Hotels intends to merge the development site with the adjacent Queen’s Road West 150-158, with a total site area of approximately 7190 sq ft. The project will be developed into a commercial and residential project.