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Central Ferris wheel expected to attract over 10 million visitors in the first half of next year.
The operator of the Hong Kong Observation Wheel, TECL, together with the title sponsor aia (01299.HK), has announced the development plan for this iconic waterfront attraction for the next five years. The new operating period started on the 1st of this month and will last for five years, with ticket prices for the Observation Wheel remaining at 20 HKD per ride for the next five years. Since 2017, the Hong Kong Observation Wheel has received 8.98 million visitors, with 2.284 million Hong Kong residents and overseas tourists riding it last year alone, setting a historical record. It is expected that the number of visitors will surpass 10 million in the first half of next year.
Three parties signed the agreement! Chongchuan District of Nantong City and Central New Energy Holdings Group (01735) signed a strategic cooperation framework agreement.
On November 15, NanTong's provincial economic development zone - Gangzha Economic Development Zone, JianFa Group, YuanFa Group, major central state-owned ship manufacturing companies, respectively signed strategic cooperation framework agreements with Central New Energy Holdings Group Limited (01735) and Central Numerical Science (Jiangsu) Technology Co., Ltd.
Ma Yamu's family sold two units on the 27th floor of Central Center for 0.104 billion yuan, with an average price of 20,500 yuan per square foot.
According to media reports, Central 2701 and Unit 13, owned by the "King of Mini Buses" Ma Yak's family, were sold for approximately 0.104 billion yuan, with an average price per square foot of 205,000 yuan. The new buyer is a company from Malaysia. It is rumored in the market that the new buyer is an import and export company, or possibly a family office, and the purchased units will be used as self-owned properties. In November 2017, Ma Yak's family teamed up with multiple investors to acquire over 70% of the floor area of Central for 40.2 billion yuan, with Ma Yak's family owning up to 13 full floors. At that time, the average price per square foot was around 330,000 yuan, which means that the price per square foot of this transfer has dropped by about 37.9%.
The 'Hong Tower' of Sino Group acquired the entire 75th floor of Central Center for 0.646 billion yuan. In just two and a half months, more than 1.3 billion was spent buying two floors.
According to local media reports, veteran investor 'Tape King' Chan Ping-chi sold a whole floor on the 75th floor of Central Center for 0.646 billion yuan, with an area of 0.0239 million square feet, a floor price of 27,028 yuan per square foot, a drop of over 18%. The new buyer is DBS Bank, currently holding the 11th floor of Central Center, having acquired two whole floors on the 66th and 75th floors from Chan Ping-chi for 1.346 billion yuan in the past two and a half months. The above-mentioned floors are currently leased by China Unicom and Telecommunications Hong Kong Limited, with a monthly rent of about 1.46 million yuan, a square foot rent of 61 yuan, and the lease term until June 2027. (vc/w)~
Sun Hung Kai Properties' The Bloomsway in Central, Shanghai, has achieved a cumulative sales volume exceeding 10 billion RMB.
China Res Land (01109.HK) announced that the total sales amount of "Central Plaza Residences at Unionville Center" in Baoshan Dachang Town, Shanghai has exceeded 1 billion RMB. The project's six batches of 83 high-rise units obtained pre-sale permits on September 20 and officially opened on September 29. (ta/u)~
PURE: The lease agreement for the industrial and commercial bank of china building in Central has been resolved. All its branches will operate normally.
Hong Kong chain gym Pure Fitness announced that the lease agreement with Champion Real Estate Investment Trust (02778.HK) for the Industrial and Commercial Bank of China Building in Central has been resolved, and all related legal actions have been officially withdrawn. PURE stated that all branches under the group are operating normally and providing regular services, looking forward to maintaining good relationships with all landlords and implementing a series of exciting plans in the future. The Central branch of PURE located in the Industrial and Commercial Bank of China Building was previously sued by the landlord under Champion Real Estate Investment Trust's CP(SH) Limited, alleging breach of the lease and seeking court orders.
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