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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.
CENTRAL NEW EGY: Interim Report 2024
Emperor Watch&J (00887.HK) is opening a new flagship store in a portion of the Central banks building for lease.
Emperor Watch&j (00887.HK) announced that its indirect wholly-owned subsidiary Emperor Watch&j (Hong Kong) today (24th) entered into a property lease intention agreement with Shanghai Commercial Banks. According to the agreement, Emperor Watch&j (Hong Kong) will lease the ground floor shop at 12 Queen's Road Central, Shanghai Commercial Banks Building, Central, as well as the entire first floor and basement storage room for operating a new flagship store. The lease term will be from March 3, 2025, to March 2, 2030, a period of five years, with a total rent of approximately 91.2 million yuan (excluding management fees, rates, land rent, and utilities).
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