Lang Ching Place sold for HKD 450 million
November 15, 2016 - Mong Kok
An entire block of Mong Kok’s ginza-style commercial building, Lang Ching Place, was sold for HKD 450 million.
The whole building consists of 15 levels, with total area of about 20,000 sq ft, amounting to about HKD 22,500 per sq ft. It is expected that the buyer can enjoy a 1.9% rental yield.
Tags:
Trends, property transactions, commercial property
