6/7/2017-6

Langham Square office building valuation of more than 20 billion

Won Jun Industrial Trust (02778) intends to take advantage of the market to sell Lang Hao Square office building, the valuation of at least 20 billion yuan, about 3 million per square foot.

First Pacific Davis Greater China Chief Executive Officer Li Weifen pointed out that Langham Place has a number of unique features, including 260 meters high, is the second high commercial buildings in Kowloon, rooftop advertising is also very high value. In addition, new buyers through the procedures and procedures, ownership of the building, suitable for state-owned enterprises since the purchase for the headquarters. He said that the current occupancy rate of the property is nearly 100% and the rent is about $ 40 to $ 50. It is expected that the future rent will be raised to nearly $ 80, with a rupee price of over $ 3,000 and a total floor area of ​​700,000 sq ft The market value of more than 20 billion yuan.

On the other hand, all the buildings from 594 to 596, Nathan Road, Mong Kok, were found to be priced at $ 900 million. The property was 25 stories high, with an area of ​​about 1,690 square feet and a total floor area of ​​about 43,981 sq ft. Including restaurants, semi-retail businesses, about $ 36 for rent. If the price of 900 million yuan to buy, foot price of about 20,000 yuan.

Investors launched the K One Island works in Kwun Tong K One East and Chai Wan. The artist, Mr Lo Chung-kian, bought three units for a total of about $ 3 million.