8/1/2018-3

Hung Hom industrial low-level demolition admission fee million

The resale of industrial buildings continued. Investors dismantled the “High Point” of the Hung Hom Industrial Estate for a total of 83 units. The admission fee was about $ 1 million and the price was over $ 10,000. It is learned that over 20 of them have been sold out.

83 have sold more than 20 partners

The High Point is held by Hoo Tak Keung, president and investor of the Hong Kong Gem Chamber of Manufactures, and is now divesting and relocating the property to a low-level unit of the Fung Kau Industrial Center in Hung Hom. The high point involved more than 10,000 square feet. The owners split the property into 83 units, More than 130 square feet.

It is reported that the project will provide 24-hour management, intelligent security systems, prices from more than 100 million. The price list shows that Unit 46 has a gross floor area of ​​about 130 square feet and a price of 1.092 million yuan and a price of about 8,400 yuan per square foot. Mr Hood pointed out that property ownership for many years was due to the fact that the market was in good condition. Therefore, the unit was sold for sale and the unit was suitable for a small company as a studio. He said that more than 10 million yuan had been spent on decoration earlier and is expected to join the business in June this year. He disclosed that at present, more than 20 partners have already sold out and all the units sold are expected to cash in over $ 100 million.

For this year’s market conditions, Mr Hood believes that the market conditions are still satisfactory. He will pay close attention to the redemption of industrial buildings and is optimistic about the prospects of Cheung Sha Wan and Kwun Tong Industries.