The consortium rejected 300 million to acquire the old building of Xiyingpan

The redevelopment of the old buildings in the urban area is high, attracting the consortium’s favor. According to market news, a consortium has invested more than 300 million yuan to acquire an old building of more than 52 years old in Baoding Street, Xiying.

Information shows that there are four sections in Block 1 to 7 of Po Tak Street, Sai Ying Pun. It is now an 8-storey residential building with a total of 35 residential units and 4 bunks. Recently, some owners have revealed to the agency that a consortium is in the process of mergers and acquisitions. The purchase price of each group ranges from 8 million to 9 million yuan, and the estimated capital involved is more than 300 million yuan. According to the owner, the relevant consortium has successfully purchased about 80% of the title and paid a large deposit to the relevant small owners. It is believed that the transaction will be completed in a short period of time.

It is understood that the relevant site is about 3,000 square feet, and the plot ratio is 10 times, that is, about 30,000 square feet of reconstructed floor, which is a small and medium-sized project. However, the advantage of the project is that it is close to the MTR Hong Kong University Station. The traffic is very convenient, so it attracts the consortium to settle the merger.