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HONG KONG COLLEGE ACQUIRES ENTIRE FLOOR IN SHA TIN SHEK MUN'S METROPLAZA FOR HKD95 MILLION
Hong Kong College has acquired the entire 18th floor of Metroplaza in Shek Mun, Sha Tin, for HKD95 million. The property has a gross floor area of approximately 19,529 square feet,...
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HONG KONG COLLEGE ACQUIRES ENTIRE FLOOR IN SHA TIN SHEK MUN'S METROPLAZA FOR HKD95 MILLION
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Hong Kong College has acquired the entire 18th floor of Metroplaza in Shek Mun, Sha Tin, for HKD95 million. The property has a gross floor area of approximately 19,529 square feet, translating to a price per square foot of about HKD4,865.

It is reported that the original owner was a tech company, which entered the market in March 2017 for approximately HKD110 million. The property was recently sold in vacant possession, resulting in a book loss of HKD15.34 million or 13.9% over nine years.

Hong Kong College currently rents an entire floor at Enterprise Centre, 11 On Lai Street, in the same district for use as a teaching center. It is expected that the newly acquired unit in Metroplaza will be used for self-occupation. (sl/da)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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