Constantly transferred price 55000 yuan acquisition of the old building in the Mid-levels

The recent acquisition of active property developers active, City pass constant (00012) high-priced acquisition of Mid-Western Hills Robinson Road, old, practical foot price saw 55,000 yuan, each purchase price of 70 million yuan, comparable to the same district new building.

In recent years, Evergrande has actively acquired old buildings in Mid-levels West and earlier acquired about 70% of its ownership rights in Summer Wai Court, 101 Robinson Road. Recently, the city spread developers to extend the acquisition of territory, to the neighboring Robinson Road 99 and 99A to make the acquisition, but also refers to developers to buy foot price of 55,000 yuan, compared with No. 80 Robinson Road and other pre-owned secondhand price of 33,000 to 36,000 yuan, 5 to 7 high, comparable to the cost of new buildings will be completed within a short period of trading.

Each group expected to reach 70 million yuan

Robinson Road 99 and 99A Old Building 6 storeys, one ladder and two gangs, with a usable floor area of ​​1,266 to 1,286 square feet. If calculated at $ 55,000 per square foot, the purchase price of each unit will be as high as $ 69.63 million to $ 70.565 million.

Information shows that there are only 30,000 square feet of floor space available for 99 and 99A Robinson Road. However, if both Robinson Roads 99B and 99C are to be acquired and 60 and 60C dry road at the rear, together with Harlequin Court, It will be able to merge into more than 30,000 square feet of site, creating a large luxury site.

In addition, the redevelopment project of the newly-built Reclamation Street in Mong Kok, URA, has been closed at this tender. Since the developers have to return part of the shopping mall to the URA, the pure residential part of the project is estimated to have a value of about 1.23 billion to 1.35 billion and the floor price of about 11,000 to 12,000 yuan Feet.