Three projects applied for pre-sale consents in October
The Lands Department received three pre-sale consent applications for 954 units in October, up 2.6 times m-o-m (September: 262 units), reaching a 3-month high. The accumulated number pending approval as at end of October recorded 12,442 units. It dropped for three consecutive months and reached a 5-month low.
Kwai Chung industrial building applied to redevelop into a hotel
Mr. Tang Shing-bor’s family has proposed to the Town Planning Board to loosen the plot ratio to 11.4 at Central Industrial Building at Ta Chuen Ping Street, Kwai Chung in May this year. It is expected to be redeveloped into a 31-storey hotel, providing 1,196 hotel rooms. The total GFA will reach 275,900 sq ft. The Town Planning Board will discuss the plan tomorrow.
The Redhill Peninsula sold at HKD 36 m
Unit A, low-floor, Tower 4, The Redhill Peninsula, Tai Tam, with a saleable area of 1,567 sq ft, has been sold with two parking spaces at HKD 36 million or HKD 22,974 per sq ft. The original owner bought the unit at HKD 18.8 million in 1996, making a book profit of HKD 17.2 million in 24 years.
Shop at Haiphong Road leased at HKD 250,000 per month
According to market news, shop 8, G/F, Hai Phong Mansion, 53-55 Haiphong Road, Tsim Sha Tsui, with an area of 450 sq ft, has been rented last month by OxyAIR MASK at a monthly rent of HKD 250,000 or HKD 556 per sq ft for one year.
(Sources: Vigers Research and market news)