Kimberley Road Shop 300 million

The old buildings in the urban area have a price to attract high-priced acquisitions from the consortium. An old building in Kimberley Road, Tsim Sha Tsui, was sold at a high price of $300 million.

According to market sources, the first floor of Shops A and B, G/F, Kam Hing Building, 49-51 Kimberley Road, Tsim Sha Tsui, has a total gross floor area of ​​about 4,300 square feet and sold for $300 million. The current monthly rent of the property is $270,000, and the return is only about 1.1%. The market is estimated to be an acquisition.

Nearly 70,000 yuan in price

It is understood that the site was completed in 1965 and has a building age of 53 years. There are 4 plots and 61 residential units with reconstruction value.

The commercial site at the construction of the 68-72C Kimberley Road near the site, which was previously sold to Mainland investors for about $2.5 billion by Henderson Land (00012), with a total floor area of ​​104136. About 24,007 yuan.

In addition, according to the Land Registry information, Room 2, 6/F, Kwong Wah International Centre, North Point, with a gross floor area of ​​about 3,875 square feet, changed hands with $68 million, and the price was 17,548 yuan, setting a new high for the building.

The new buyer is Gang Teng Co., Ltd., and the company’s directors include Lv Yaohua, executive director of Jiahua International (00173), and others are expected to repurchase the Xiamen unit.

The original owner purchased it for 18.8 million yuan in 2005, holding the goods for 13 years, and the book profit was 49.2 million yuan, an appreciation of 2.6 times.