4/F of China Insurance Group Building sold at HKD 175 million
February 23, 2017 - Central
The entire 4th floor of China Insurance Group Building at Des Voeux Road Central, with an area of about 14,505 sq ft, has been transacted at HKD 175 million earlier this year, or HKD 12,000 per sq ft.
The original owner purchased the property in early 2013 at HKD 185.7 million, holding for nearly four years, made a book loss of HKD 10.664 million, or 5.7%.
Trends, property transactions, commercial property