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HONG KONG COLLEGE ACQUIRES ENTIRE FLOOR IN SHA TIN SHEK MUN'S METROPLAZA FOR HKD95 MILLION
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Hong Kong College has acquired the entire 18th floor of Metroplaza in Shek Mun, Sha Tin, for HKD95 million. The property has a gross floor area of approximately 19,529 square feet, translating to a price per square foot of about HKD4,865. It is reported that the original owner was a tech company, which entered the market in March 2017 for approximately HKD110 million. The property was recently sold in vacant possession, resulting in a book loss of HKD15.34 million or 13.9% over nine years. Hong Kong College currently rents an entire floor at Enterprise Centre, 11 On Lai Street, in the same district for use as a teaching center. It is expected that the newly acquired unit in Metroplaza will be used for self-occupation. (sl/da) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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