1.25 billion earned more than 300 million in one month
The demand for industrial buildings is hot, Xingsheng created (00896) the San Po Kong Meihua Factory Building, which was purchased for 850 million yuan last month, was sold for 1.25 billion yuan, and the profit was over 300 million yuan in one month. The floor price is about 7,000 yuan, which is a new high price in the Kowloon East industrial area.
Originally planned to build a new industrial building
Located at No. 1 Qibao Street and No. 19 Sanzhu Street, Meihua Factory Building, Xingsheng was established to purchase property from several owners last month. It successfully purchased 100% of the title for 850 million yuan, even the stamp duty cost of 922 million yuan. In one month, it has already made a profit of about 331 million yuan.
Zhou Jiafeng, director of Xingsheng Creation Project, said that he purchased the above-mentioned industrial building for 850 million yuan a month ago. He originally planned to rebuild it into a new industrial building. However, he saw that the buyer’s bid was ideal and sold the property as it was. It is reported that the new buyer is a fund.
Floor price of 7,000 yuan 呎
According to the information, the site area of the industrial building is about 14,900 square feet, with a maximum plot ratio of 12 times. The redevelopment area is about 179,000 square feet. The floor price is about 7,000 yuan. It is a high price transaction in Kowloon East Industrial Estate. . If the new purchaser decides to use the redevelopment, apart from maintaining the redevelopment of the industrial building, it can also replenish the land price to construct the commercial building.
As for the Hong Kong Security Printing Co., Ltd., No. 20, Tai You Street, and the Changjiang Garment Factory Building, No. 22 to 24, Dayou Street, the building has a total floor area of 313,500 square feet. It was earlier that there were more than 2 billion yuan. The land price is about 6,380 yuan.
In fact, San Po Kong is adjacent to the Kai Tak Development Area. It is also benefited by more government departments moving around and the business transformation is taking shape. The commercial area of No. 2, Zone 1F, Kai Tak, was acquired by Nan Fung for $24.6 billion last year. The floor price was as high as $12,800. It is a commercial landlord at the land price.