Hengtong Hung Hom two tenements Shen beat

The enthusiasm of developers for mergers and acquisitions of old buildings has obviously increased in recent years, especially frequent (00012) frequent moves. At the beginning of the new year, the Lands Tribunal immediately received two applications for a strong bid from Heng Hong Estate on the first working day of this year (January 2), all of which relate to the old buildings in Whampoa Street at a total market value of about $ 994 million.

The first two applications received by the Lands Tribunal this year were shown at Nos. 2 to 16A, Whampoa Street, Hung Hom. The application involved four lots with a total site area of ​​about 14.4 thousand square feet and the current four-storey building 7 to The 8-storey tenements, all completed in 1957, have nearly 61 years of age, with underground floors and upstairs residential floors.

The market value of nearly 1 billion

Separately calculated on a lot-by-lot basis, Evergrande holds approximately 92.86% to 96.88% of the shareholding respectively, with only seven remaining units currently unsuccessful. The valuation report submitted by the surveyor shows that the market value of Whampoa Street Nos. 2 to 16A is about 684.5 million yuan.

Another section of Hang Seng Lands making simultaneous application for clapping is located at the junction of Whampoa Street and Bijia Street covering 22 to 24 Whampoa St and 88 to 90 A Bijie Street adjacent to Hunghom Bay Center and covering an area of ​​about 4,675 square feet Which is now an 8-storey high-rise condominium close to 61 years old. Henderson Land has already acquired about 83.33% of the ownership of the lot. There are 6 ground floor shops and 3 residential units to be acquired. The surveyors estimated the site to be about 309 million yuan.