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HONG KONG SAR – Media OutReach<\/a> – 13 January 2022 – The \u00a0<\/p>\n The property is located \u00a0<\/p>\n Cushman \u00a0<\/p>\n Please click<\/a> here to download images.<\/p>\n<\/p><\/div>\n\n HONG KONG SAR – Media OutReach – 13 January 2022 – The world’s leading real estate services provider, Cushman & Wakefield, having been appointed by the landlord, has successfully co-sold to a buyer more than 80% of the total ownerships of Block 4, Yau Tong Industrial Building, at No. 18 \u2013 20, Sze Shan Street, …<\/p>\n","protected":false},"author":1,"featured_media":19932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19931"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19931"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19932"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nworld’s leading real estate services provider, Cushman & Wakefield, having
\nbeen appointed by the landlord, has successfully co-sold to a buyer more than 80%
\nof the total ownerships of Block 4, Yau Tong Industrial Building, at No. 18 \u2013
\n20, Sze Shan Street, Yau Tong. The total purchase price was HK$580 million,
\nequivalent to HK$4,100 per square foot. As more than 80% of the total ownerships
\nof the building have been acquired, the buyer will now unify the property
\nrights through a compulsory sale order prior to redeveloping the building. <\/p>\n
\nin the Yau Tong integrated mix-use development area. Completed in 1979, it is currently
\na four-story industrial building. With around 41,800 square feet of site area,
\nthe lot has been designated as Residential (Group E). The buyer is expected to redevelop
\nthe property into a residential project, with some units enjoying sea views of
\nYau Tong Bay and Hong Kong East.<\/p>\n
\n& Wakefield’s Associate Director of Capital Markets, Hong Kong, Alfred
\nKwan,<\/b> commented,
\n“Yau Tong is undergoing a transformation, with a number of new residential
\nbuildings completed, including Maya by Nouvelle, Peninsula East, and Ocean One.
\nA residential site of over 40,000 square feet in Kowloon East, with sea views,
\nis highly exceptional. The completion of this redevelopment project will
\naccelerate Yau Tong’s metamorphosis into a high-end residential area.”<\/p>\n
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