Dechang Motor and other sales of Chai Wan Commercial Building

The entire building of Dechang Plaza, Lizhong Street, Chai Wan, which is held by the relevant persons of Dechang Motor (see photo), was originally built as an industrial building. It has been reactivated for commercial use and has just been tendered for sale with a market value of over 1.2 billion. Wang Zhenkang, executive director of CB Richard Ellis Capital Markets, said that the property has 11 floors and a total floor area of 95,476 square meters. The floor area is 7,000 to 9000 square meters. The project will be completed in the third quarter of this year. The monthly rent is 3 million, and the closing date is October 11. The property has been approved for a variety of uses, including catering, shops, leisure centres, education centres and office buildings. Stanley Davis Senior Director and Head of the Kowloon Department, Xiao Zhaoxin, said that it is only about 2 minutes walk from Dechang Plaza to MTR Chai Wan Station.