Deng Chengbo voted 3.3 billion to buy Tsui Tsui commercial buildings
Senior investor “shop king” The Deng Chengbo family has entered the hotel industry in recent years and has just purchased 330 yuan for the whole building of Qisheng Commercial Building, which is now a clock hotel in Tsim Sha Tsui. The average selling price is less than 17,000 yuan.
According to the Land Registry’s information, the entire building of Qisheng Commercial Building, 80 Kimberley Road, Tsim Sha Tsui, was sold for $330 million on the 30th of last month. The gross floor area of the building was 19,589 square feet, and the price was 16,846 yuan. The new buyer is Mingchang Enterprise Co., Ltd. The directors of the company include Deng Chengbo and Deng Yaosheng. The original owner bought the building for 98 million yuan in 2006 and held goods for 12 years. His book profit was 232 million yuan, an increase of 2.4 times.
Clock Hotel & Bar Monthly Rent 550,000
Qisheng Commercial Building was completed in 1983 with a floor space of 3489 sq ft. It is currently rented to bars at a monthly rate of $230,000. The first to 12th floors are rented by the clock hotel for a monthly rent of $320,000. With the current monthly rental income of $550,000 for the whole building, the return rate is about 2%.
In addition, the old 3-storey building of the entire building at No. 21 Xinkang Street, Sheung Shui, was changed from a total of 57.3 million yuan to a building area of about 3,000 square feet. The rough price was about 19,100 yuan. The original owner was Xie Zhaokai, one of the founders of the Bank Financial Group, and the relevant person. In 2012, the company entered the market with 27.4 million yuan, and sold 29.9 million yuan in sales for 6 years, an increase of 1.1 times.
The senior investor Zheng Eight Group Chairman Liao Weilin purchased the 4th floor, 4th Floor, Tower 1, Admiralty Haifu Center for approximately RMB 185 million. The building area was 6,452 square feet, and the price was 28,650 yuan. The original owner was Dacheng Biochemical (00809). In 2001, the company spent 23,966,000 yuan to enter the market, gaining more than 160 million yuan.