Deng Chengbo 70 million to buy the old building in Sham Shui Po

The acquisition of the old building has continued to be active. The senior investor, Tang Chengbo, has purchased a number of floor shops and upstairs residential units in the Sham Shui Po Building in Sham Shui Po Estate for $70 million. It is expected to acquire the remaining title and redevelop the commercial and residential development.

According to the Land Registry, there is a total of 12 Block B flats on Block B and 1/F, Block B, Ming Fai Building, 56 Qin Shing Street, Sham Shui Po, and a total of $70 million in flats on the 2nd to 13th floors. It is known that the first floor of the property has a floor area of about 1,500 square feet and the residential area is about 300 to 310 square feet, involving a total of about 3,675 square feet. The new buyer is a senior investor such as Deng Chengbo and others.

Old buildings in Kennedy Town 5.82 million

In addition, a low-rise unit at No. 44, Ji Xi Street, Kennedy Town, was sold for 5.815 million yuan. The unit has a usable area of 401 square feet. The transaction price was about RMB 14500. The new buyer is Zhongrun Co., Ltd. and the registered director is Zheng Zhiwei. I believe that it is a person related to Xindi (00016). The building is adjacent to the Kennedy Town MTR station. The property is about 55 years old and has a certain reconstruction value.