Hing Shing Castle Peak Road Commercial 5% of the property sold 800 million
Hing Shing Create (0896) announced yesterday that its Peak 478 Castle Peak Road, Block A, Castle Peak Commercial Building, half of the property sold to Hilux II Cayman Ltd for 800 million yuan, the completion of the transaction will form a joint venture, Each account for 50% of ownership.
The transaction price of $ 1.6 billion market value of the whole block, compared with about 1.72 billion yuan bid intention last year, a decrease of about 7%. It is understood that Hing Shing created July 2015 to 998 million yuan purchase of the above properties. The gross floor area of the building is 145,394 square feet. Ground parking lot and shops, 1 floor to 22 floor for office, office building about 6,100 square feet.