Recently, the consortium has speeded up the application to increase land reserves
Located in the old building at No. 56-62, Jiyuan Street, North Point, the consortium applied for a strong auction of the title. At present, it has acquired about 93.33% of the title, and the remaining one has not acquired, and the project valuation is about 194.4 million. In addition, Emperor also applied for the Zhongqi Building in Nan’an Street, Shau Kei Wan. The two consortiums are still merging adjacent to the old buildings and are expected to expand their development.
North Point, Jiyuan Street, building a luxury mansion
According to the information of the Lands Tribunal, the project is located at No. 56, 60 and 62, Jiyuan Street, North Point. It is only one street away from Park Street, North Point, which is developed by New World. The site area is about 5968 square meters. It is now a 5th floor of Tang House. Completed in 1957, the age of 62 years. The consortium that applied for strong shooting was Cui Ling Co., Ltd. and Nine Dragons Co., Ltd., all of whom are directors of CHIU NGA SZE, and the registered address is Huafu Village, Pok Fu Lam.
However, Cui Ling Company entered the adjacent No. 74 garage of Jiyuan Street in February this year, and it is expected to acquire neighboring projects for integrated development. In fact, together with the old building, it covers an area of over 20,000 square feet. It is a rare land in the northern half of the North Point and has great reconstruction value.
In addition, the Emperor Group also applied to the Lands Tribunal for a strong auction of Zhongqi Building in Nan’an Street
It currently acquires approximately 90.625% of the title, and the remaining 1 store, residential unit and rooftop have not completed the acquisition. The project valuation is approximately 175.69 million. Emperor’s acquisition of the Tsuen Wan project
According to the Lands Tribunal, the project is located at 67, 69, 69A and 71 Nan’an Street. The site area is 3,000 square feet. It is now an 8-storey commercial and residential property. It was completed in 1964 and is 55 years old.
The company also has acquisitions in the vicinity, such as Telford House, No. 73, Nan’an Street, Tsuen Wan, Herong Building, No. 75, and Maofa Building, No. 77, which are expected to be integrated. About 25 applications have been temporarily recorded since the beginning of the year, compared with 14 cases in the same period last year, an increase of about 80%.