Urban land has a price and there is a market
Old buildings with great reconstruction value often become the target of developers. Among them, Rongli Building (see photo) of Chunyuan Street, Wanchai, which is being acquired by the consortium, recently recorded two more transactions, involving about 17.1 million. According to the Land Registry, the E room at the lower level of Rongli Building, 32 to 40 Chunyuan Street, was sold at 7.524 million.
In addition, the lower floor A of the old building was also sold for 9.518 million
The buyers were registered in the name of the company, named HONOURABLE GROUP LIMITED, and the registered director was Liang Jiaxin, who had previously acquired the New World. Multiple reconstruction projects.