Cheung Sha Wan arc-shaped tenement house
Hong Kong’s only curved corner Tang Building 301 and 303 Castle Peak Road, Cheung Sha Wan, project 3/F, Building 301, and other property rights, were sold for $100 million. The new buyer entered the market in the name of the company. Acquisition.
The purchase of the company does not exclude the acquisition
Of the many pre-war Tang buildings in Hong Kong, only a few have curved arcade designs, including 301 and 303 Castle Peak Road in Cheung Sha Wan. The property was completed in 1945 and the building has been over 70 years old. According to the Land Registry’s information, the third floor of No. 301 Castle Peak Road, with other property rights, was sold for $100 million a few days ago. New buyers are purchased under the name of Zhongjie Group Co., Ltd., which is not ruled out by a consortium purchase.
The 301 and 303 Castle Peak Road are historical buildings. The property is 3 storeys high and the external walls have been renovated in recent years. However, the project has not yet been rated by the Antiquities Advisory Committee as a historical rating, but has similar architectural designs. Lei Shengchun, 119 Lai Chi Kok Road, has been rated as a Grade-A historic building.
According to statistics, the ground floor of the property, the first floor and the second floor had changed hands in 2016, and the shop was sold for $18 million. As for the two upper floors, the transaction price was 2 million and 3 million respectively. Although the property is of historical value, it still cannot be rented into a mortuary rental room. According to online information, there are many sub-divided properties, of which an area of 160 square feet has been leased out for 6,800 yuan.
In fact, many consortia have also acquired old buildings of historical value and are intended for reconstruction. The North Point Old Royal Theatre, which is listed as a Grade I historic building by the Antiquities and Monuments Office, is currently being acquired by New World (00017). It is estimated that the developer has acquired most of the title of the building.