Liangchang Family Kowloon Tong Old Building 450 million sale

Liangchang Family Kowloon Tong Old Building 450 million sale

The old family member Liang Chang later completed the acquisition of the entire old building of No. 6 to 6C, Duke Jue Street, Kowloon Tong, and launched a market tender in the form of Philippine. The intention price was about 450 million yuan, and the tender was closed on September 26.

The above-mentioned old building entrusted Wei Jianxin’s surveyor to conduct a tender. The project site is located in the traditional luxury residential area of Kowloon Tong. The site area is about 7,500 square feet. The current planned use is “Residential (Group B)". If the plot ratio is rebuilt 5 times, it will be completed. After the land premium is replenished, it is estimated that the maximum redevelopment of the building will be approximately 37,500 square feet of luxury residential projects.

According to the data, the old family member Liang Chang later accumulated a total of about 343 million yuan to acquire the entire title of the property.