Le Feng reprimanded 243 million yuan for purchase of the land
LOFTER GROUP (LeFo Group) announced the successful acquisition of the entire property of 108-114 Betfair Road, Tai Kok Tsui, which was merged with the Group’s previously owned sites, totaling over 10,000 square feet. The estimated gross floor area after site redevelopment was about 12.05. 10,000 square feet, a rare large-scale reconstruction project in the city.
Zhou Peixian, founder and chairman of Lefeng Group, said that the group has spent another 243 million yuan to acquire the land of Betfair Road. The current site is a property with a total area of approximately 4,192 square feet. The project is located in the core area of Kowloon, which has great potential for development. It can also be combined with the Group’s earlier acquisition of the Betfair Road No. 100-106 site to develop synergies. In addition, the Town Planning Board announced earlier that it will relax the height restriction in the district. The project will also benefit from the plan, and the plan will be more flexible and advantageous.