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SOGO Owner Won Kai Tak Commercial Site for HK$7.39b, Chinese Estates To Sell Harcourt House 70% Titles

Hong Kong Property | November 24, 2016

SOGO Owner Won Kai Tak Commercial Site for HK$7.39b
Lifestyle International Holdings, the owner of SOGO department store, won the first commercial site in Kai Tak area for HK$7.388 billion, or HK$6,733 per square foot. The price is in the middle range of market expectations of HK$6.58 billion to HK$8.78 billion, but still marks the highest cost of commercial sites in Hong Kong. The 152,000-square-foot plot, Kai Tak Area 1E Site 2, will yield a total gross area of 1.09 million square feet.

Chinese Estates To Sell Harcourt House 70% Titles
Chinese Estates Holdings plans to sell its over-70% titles of Wan Chai Harcourt House, involvin a gross area of about 310,000 square feet. Market expects that the project might be sold for almost HK$10 billion, with a cost of HK$30,000 per square foot.

Apple Daily: Mei Foo Sun Chuen Parking Spaces Sold Out in 1 Day
Sun Hung Kai Properties is selling 57 parking spaces in Mei Foo Sun Chuen since yesterday, pricing from HK$1 to HK$1.7 million. Yet some agents told Apple Daily that they failed to dial the hotline for sale of those parking lots for the whole day yesterday. Apple Daily said rumor has it those parking spaces have been sold out yesterday.

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