The Baptist Church’s 34 million Bay Bay Shop has appreciated 302 times in half a century
Recently, private property prices in Tsuen Wan have repeatedly hit new heights, and the prices of shops in the district have also risen. Huang Yongshan, director of the business department of the Central Plains Stores Department, said that in San Francisco, the main catering industry, shops have recently changed hands. The shop is located at Shop C, G/F, An On Building, 14 to 18, San Weifang, with a floor area of about 1,020 sq ft. About 800 square feet into the attic, the shop door width of about 20 inches, recently changed hands about 34 million yuan, the price of 18,681 yuan. The property was originally owned by the Tsuen Wan Baptist Church and sold for personal use.
Purchased 112,000 yuan in 1966
Huang continued that the above-mentioned shops are currently renting out about RMB 130,000 per month. If calculated according to the intention price, the rental return is expected to be about 4.5%. According to statistics, the Tsuen Wan Baptist Church relied on approximately RMB 112,000 to buy stores in 1966. If it succeeded in changing hands with RMB 34 million, it would earn 38.788 million yuan in 52 years of holdings, and the property would surge 302 times.
Less than half a year of 173 million swept 11 homes by SKH
In fact, religious groups have been active in the property market in recent years. The Anglican Church has been the most active. It has spent over 173 million yuan this year to purchase 11 residential properties. This year, SKH disbursed a total of RMB 90.896 million into Jiujian (0034), a group of 63 Pokfulam in Xinpan, Sai Yingpan, and also purchased a number of second-hand luxury properties, including the purchase of 26.7 million yuan at the low-rise A-room of Longqin Park, Tai Tam, earlier this month. , The practical area is 1,397 square meters, and the actual amount is 19,112 yuan. In March of this year, a high-level unit and parking space at Baolin Pavilion in Caine, Western Mid-Levels, was purchased for $31.8 million, and two units in Western Mid-Levels Shanhuan were purchased in January for a total consideration of RMB23.25 million, involving a total amount of approximately RMB173 million.
The Tsuen Wan Baptist Church has recently opened a shop in San Francisco for its own use. It has changed hands for about 34 million yuan, holding goods for about 52 years, and earning more than 33 million yuan or 302 times.