Heng Kwong Wan Road, Sheung Keng Road, estimates that 570 million will be built adjacent to the development of Xiamen
The old buildings in the urban areas are available. The Lands Tribunal has received nine applications for compulsory auctions in the first quarter of this year, which is a three-fold increase from the previous three cases in the first quarter of last year. The latest application was submitted by Henderson Land (00012), and the old building in To Kwa Wan District, which already holds about 87% of the ownership rights, was patrolled with a valuation of approximately RMB 574 million.
The project involves No. 68A to 70C of To Kwa Wan Road, close to the location of Lok Shan Road. It is only about 5 minutes walk from the construction of the MTR (00066) SCL Line To Kwa Wan Station. The existing building was completed in 1960. The building is about 58 years old. The building is 9 stories high. The ground floor provides 7 ground floors and 7 residential units. The above 8 floors are residential floors, and 14 floors are provided on each floor.
Hengdi filed a strong shot application in the name of nine companies, holding a total of about 87% of the land in the lot; and about 13% of the rights to be completed in the acquisition were distributed in more than 10 units.
Deng Chengbo and other oil street property reserve price 386 million
The total project area of 68A to 70C on To Kwa Wan Road will cover about 12,300 square feet. After deducting the area for access, the remaining net site area for development will be about 11,000 square feet. The latest performance document released by Henderson this month shows that the site has been fitted to and developed with adjacent townships Nos. 14 to 16, Xiahua Street No. 1 to No. 7 and Meihua Street No. 2 to No. 8 with a total site area of approximately 22,000 square feet. It is estimated that a floor area of approximately 149,000 square meters can be reconstructed.
In addition, veteran investor Deng Chengbo and related individuals applied to the Lands Tribunal in 2016 for strong shooting of old buildings 61-67 Soy Street in Mong Kok. It was recently approved by the Lands Tribunal and the reserve price was about 386 million yuan.
#Property – Evergrande Road, Tonkin Road, Henderson Estimated 570 million to be developed adjacent to Xiamen