Hong Kong Industrial Centre Target Price $73 million

The Cheung Sha Wan Industrial Park unit is for sale. Lin Zijian, Senior Sales Director of the Ministry of Industry and Commerce, Central Plains (industrial and commercial shops), said Room 307, Ground Floor, Block C, Hong Kong Industrial Centre, 489-491 Castle Peak Road, Cheung Sha Wan, with an area of approximately 3,075 sq feet. The price of about 73 million yuan, will be sold for sale, the project is mainly fashion wholesale, divided into 16 units, each unit area ranging from about 100 to 250 square feet, the monthly rent of about 280,000 yuan, the expected return on the 4.6 per cent. The closing date was at 12:00 noon on May 31. Lin continued that the government intends to build Cheung Sha Wan into Hong Kong’s third core business district, driving the value of property investment in the region to rise. The veteran investor Luo Zhuxiong also purchased the Cheung Sha Wan District industrial building earlier. It is expected that the activation policy will help enhance the potential for property investment in the region.