110 million consortiums sweeping the Tujiawan Industrial Building 12

110 million consortiums sweeping the Tujiawan Industrial Building 12

Benefiting from the concept of the future sand-line railway, the old building in To Kwa Wan attracts developers to enter the acquisition development. At the industrial property of No. 21 to 31 in Zhongshang Township, the consortium spent more than 110 million yuan to purchase 12 units. It is expected to rebuild residential development in the future.

There are many old-style houses and factories in Kowloon City Road and Shangxiang Road in To Kwa Wan. In recent years, many consortiums have sought to acquire and rebuild. The industrial buildings No. 21 to 31 of Shangxiang Road are five-storey high-rise factories. Some floors are divided into one ladder and five groups. The underground factory is equipped with a shop and the building has been 63 years old.

According to the EPRC economic real estate database, the industrial building has been acquired by a consortium nearly half a year ago. So far, it has accumulated 12 groups. The unit purchase price ranges from 8.8 million to 13.5 million yuan, involving more than 110 million yuan. The buyer is Wanlifu Co., Ltd. and the registered directors are Cai Zhanrong and Huang Jianwen.

According to the planning plan for the district, the site of the industrial estate is classified as “Residential (Group A)”. It is expected to be suitable for redevelopment in the future. With a site area of ​​about 8,900 square feet, the maximum redevelopment site is about 80 000 square feet. The reference project is adjacent to the new Panshang, the first batch of uncompleted flats sold in the first quarter of this year, with a discounted price of 1.55 million to 20,400 yuan.

In addition, there are 179-187 Ma Tau Wai Road, Sheung Wan Road, 1 to 17A, Wing Yip Street, 1 to 29 and 2 to 26, and Hong Guang Street, 3 to 35 and 2 to 30. Last year, another consortium was launched to acquire.