Old buildings at Mount Parker Road approved for compulsory sale
The Lands Tribunal approved the application of compulsory sale of two 6-storey old buildings under the Civil Servants’ Co-operative Building Society Scheme located at 2-8 Mount Parker Road in Quarry Bay. The reserve price is about HKD 452 million. The site has an area of 12,730 sq ft, and Agile Group already owned 90% of the ownership last year.
Shop at Lai Chi Kok Road changed hands at HKD 43.3 m
According to market news, street shop, 209-211 Lai Chi Kok Road, Sham Shui Po, with an area of 2,000 sq ft, has been changed hands at HKD 43.3 million or HKD 21,650 per sq ft. The original owner purchased the shop at HKD 870,000 in 1976, making a book profit of HKD 42.43 million and a 49 times appreciation in 44 years.
Villa at The Peak slashed HKD 68 m
A villa, Yue Hei Yuen, Peel Rise, The Peak, with a saleable area of 3,436 sq ft, has been transacted with HKD 68 million discount at HKD 200 million or HKD 58,207 per sq ft. The original owner bought the villa at HKD 42.8 million in 2000, making a book profit of HKD 157 million.
Special unit of Diva reached new highs
Special unit, top-floor, Diva, Tin Hau, with a saleable area of 717 sq ft and a rooftop, has been sold at HKD 17.5 million or HKD 24,407 per sq ft. The transaction price and unit price reached the highest of the estate.
(Sources: Vigers Research and market news)