second-hand market

After 17 years of merger and acquisition, Xiyun Building finally failed, and the small owner’s dream of getting rich was shattered

Market news: After 17 years, the acquisition of Xiyun Building in Causeway Bay finally failed, and the dreams of small owners and settled households to get rich were shattered. Hong Kong’s economy continues to be sluggish, and the vacancy rate of office buildings rose to 12.9%, a record high of about 20 years, resulting in a merger that lasted 17 years. The final developer of the 65-year-old Hei Wan Building failed to sell, and the protagonist was the Golden Chaoyang Group, one of the largest landowners in Causeway Bay.

Market news: A mid-rise three-bedroom apartment in Taikoo Shing was sold for RMB 11.38 million, with a book profit of RMB 7.5 million.

Market news: Room G on the middle floor of Caitian Court in Taikoo Shing, Hong Kong Island, with three bedrooms on the middle floor of Caitian Court, Taikoo Shing, with a usable area of 717 square feet, 3 bedrooms and 1 living room, and a tower view, was sold for 11.38 million yuan, with a practical price of 15,872 yuan per square foot. . Centaline Real Estate stated that the new buyer is a user; the original owner bought the unit for NT$3.88 million in January 2000 and held it for 24 years. ...

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