Xu Rongmao Libao Center passed the 1 billion sale

Xu Rongmao, one of the consortium shareholders of Central Central Buyers Group, 99 Queen’s Road Central, Central, has confirmed that he has purchased the commercial building units after the purchase of the building rights, including the gold used by Shimao Real Estate. The 38th floor of Block 1 of Zhonglibao Center has a total price of 1 billion yuan for sale. The price is over 55,000 yuan, and investors are buying to the end.

It is understood that Xu Rongmao purchased the entire floor of 38th floor of Lippo Center through STAR ACHIEVE LIMITED in 2013. The building area is 18,085 square meters, and the price is 27,924 yuan. Later, Xu Rongmao moved the headquarters of Shimao Real Estate from the office building of Wanchai Convention and Exhibition Plaza to the Lippo Center.

According to sources, after the sale of the office building of the Convention and Exhibition Plaza at the beginning of the year, Xu Rongmao also launched the Libao Center unit for sale in August this year. The asking price is as high as 1 billion yuan and the price is 55,294 yuan. The market pointed out that the unit at this level is being actively purchased by the buyer. Once the price is sold at the intent price, it will break the highest record of the price of the building. Xu Rongmao held the goods for more than 5 years, and the book profit was 495 million yuan, an appreciation of 98%.

Xu Rongmao sold the 7th to 12th floor of the 43rd floor of the Convention and Exhibition Plaza office building at the beginning of this year. The building area was 10020 square meters and was sold as equity transfer. The transaction price reached 551.1 million yuan and the price was 55,000 yuan. The new buyer is Cai Yaozhong, an executive director of Sihuan Pharmaceutical (00460), and the company’s main place of business was moved to the previous address this month.