Cameron Road No. 35, 90% ownership, 650 million sales
According to the news, 9 of Cameron Road, Tsim Sha Tsui, has a 9-percent property, and it has sold for about 650 million yuan. The property is now a 6-storey commercial and residential building. It was completed in 1957. The ground floor is a shop. The 1st to 5th floors are for residential use and there are 24 units in total. With a site area of approximately 3,750 sq. ft., the property can be reconstructed into commercial and hotel buildings with a total floor area of approximately 45,000 sq. ft. According to the news, the buyer is Kai Longrui Fund.
In addition, Room 01 in the middle and upper floors of the King’s Evangelion Centre in Wanchai has an area of approximately 2,718 square feet, with a turnover of 41.17 million yuan and a price of nearly 17,000 yuan, which is close to the new high price of the building.