Chatham Road north three old buildings for sale

The development in To Kwa Wan and Hung Hom has become more mature with some small proprietors selling their joint property ownership through urban renewal agency services provided by the Urban Renewal Authority (URA). CB Richard Ellis said it was commissioned by the landlord and the URA as the exclusive agent to sell the old basket of 470 to 478 Chatham Road North, Hung Hom, subject to tender on 12 December. It is estimated that redevelopment will yield a total floor area About 42,200 square feet.

After the reconstruction of the total floor area of ​​42,200 square feet

The project is located at the junction of Chatham Road North and Shitang Street. The site covers a total site area of ​​about 4,685 square feet and currently has three old buildings aged 60 to 63 years old. The tendered property comprises all the titles of 470, Chatham Road North, 75% of 472 to 474 and 75% of 476 to 478.

The outline map shows that the project is now zoned “Residential (Group A)”. If new buyers purchase and successfully acquire the unified ownership of other units for reconstruction, it is estimated that the gross floor area available for construction will be around 42,200 square feet. Tang Jinhua, director of CB Richard Ellis Capital Markets, believes that thanks to the development of the Shatin Central Line, the area enjoys convenient transportation and is expected to attract bidders of all types of developers. The bidding response will be satisfactory. With reference to transactions in the same district and neighboring districts, the estimated market value of the tender properties is about 300 million yuan.