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The market is passing the news of Hysan Development Company Limited takeover the shop of emperor group in Causeway Bay

Squarefoot Editor  2014-11-08  551 #Property Hit News
Hong Kong's Wen Wei Po (Reporter So Hung Chung)The shop tradings in core consumer areas recorded continuously,the market is passing the news of the shop in No.12 Matheson Street, Causeway Bay eligible for negotiation to end, there is news pointed out that the new buyer was Hysan Development (0014) or the person concerned.It is understood that the property in 2012 to about HKD $1.46 billion purchase by MAX STRENGTH LIMITED, construction area of about 900 feet,the company registered directors Donald Cheung, Vanessa Fan and Wong Chi Fai, three are (0163) Executive Director of Emperor Group. Donald Cheung reply to a query when the newspaper does not comment on rumors and said the matter will be announced in due course. Wang On Group Ltd. bought the shop with the price of HKD $2.10 billion for rental-use In addition,No.AB Shop in underground of Po-Wing-Building,Percival Street in the same district also have the latest progress, Wang On Group (1222) yesterday issued a circular,the Group invested HKD $2.10 billion to buy the shop. Property with the salable area of 1,204 sq ft to calculate the price equivalent of more than HKD $174,000 per sq.feet.Currently vacant,after the completion of the transaction, the Group intends to use this property for rental-use.Look up market data, the original owners bunk is mainland investors Lau Kun who bought it with the price of HKD $1.142 ten billion in 2012,buy a basket of giant shops,including the units mentioned above,which boarded the biggest turnover of Hong Kong's shops. The whole block of commercial building in North Point sold with the price of HKD $4.0 billion On the other hand, the market is passing the news of the whole block of Park Tower in Electric Road, North Point transacted with the price of about HKD $4.0 billion,25-storey property,with a total gross floor area of about 40,000 feet, foot equivalent price of about HKD $10,000.Owners put up for sale in the earlier days of this year,intention price of HKD $4.5 billion,if the transaction is true, the property proposed increase of more than one percent. It is reported that the building owner bought it with the price of about HKD $3.6 billion yuan in 2012, hold stocks for 2 years,earned HKD $4.0 ten million and changed hands. As for Infinity Eight,Choi Hung which held by the Vice-chairman of Gale Well Group Ltd Liu Wai Lun,the market is passing the news of came to touch the goods transaction,involving dual No. 1 shop,the floor price of about HKD $2.9 million,the book profit of about 14%.
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