Austin Road paved with more than 100 million units

Tai Chi Building, 134 Austin Road, Tsim Sha Tsui, which is being applied for a compulsory auction by the consortium, has recently recorded a sale

A ground floor and a commercial unit held by veteran investor Mayamu or related parties, with a price of $108 million.

Tai Chi Building recently recorded a sale

The unit was purchased by the original owner in 2003. At that time, the price was 13.13 million yuan, which was about 7.2 times in 16 years. The above project covers an area of ​​about 5,441 square meters. It is now a 12-storey high commercial and residential property. In May this year, a consortium holding about 83.33 percent of the title applied for a strong shot. The value is about 334 million yuan. It is understood that if the office building is rebuilt with a plot ratio of about 12 times, it is expected that the floor will be built around 65,000 square feet.

In addition, some of the owners of large-value properties have cashed in. The Central Plains (Commerce and Industry Shop) Department of Trade and Industry, Mr Leung Wai-wai, said that the total area of ​​the shops at Shops A to D and H, Tin Hau Garden Building, Tin Hau, was about 6,228 square feet. It was sold at an intentional price of about 240 million yuan. The rental income of the property is about $500,000. The new buyers can consider the demolition of the catering shops in the market according to the market conditions, and they can also rent them to the supermarkets.

Sai Ying Pun old building target sale

On the other hand, the Sai Ying Pun project also has a redevelopment value. The Knight Frank said that the property of Block 1 to 7 in Dexing Lane was closed on August 30. The site is now a series of old buildings with several floors. 4,338 square meters can be rebuilt as a residential/commercial project. If the plot ratio is about 8.45, the floor can be built about 366,000 square meters, and the market value is expected to be about 700 million yuan.


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