SOUNDWILL HOLDINGS LIMITED 
By 17 & 19 Hing Wan Street, Wan Chai
Soundwill Holdings Limited (the "Group", stock code: 878) is pleased to announce that the HKD94 million sales transaction of 17 & 19 Hing Wan Street, Wan Chai was completed approx. three months ahead of the original schedule on 18 January 2012.
17 & 19 Hing Wan Street currently has two 4-storey
residential buildings with a GFA of approx. 1,300 sq. ft. and
has been approved by the Town Planning Board last year for
the development of a 25-storey hotel with a maximum planned
gross floor area of approx.
16,000 sq. ft. (based on approx. 12 times plot ratio). The
hotel will have approx. 78 guest
rooms.
Within a month prior to the sale of 17 & 19 Hing Wan Street,
the Group had also sold another project located at 14 to 20
Merlin Street, North Point for HKD459 million. These two
transactions were both completed months ahead of schedule,
reflecting the sites' appreciation potential and have
enhanced the Group's overall financial position.
Looking ahead, the Group will continue to adhere to its core
property assembly business by proactively identifying quality
land sites in Hong Kong Island to increase its land bank
for
future developments and ultimately, generate more return for
its shareholders.
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O v erv iew: S oun dwi ll 's r ec e nt property sales transactions
Project 17 & 19 Hing Wan St. 14-20 Merlin St. | |
Location | Wan Chai North Point |
Site area (sq. ft.) | 1,300 5,297 |
GFA (sq. ft.) | 16,000 (12x plot ratio) 79,455 (15x plot ratio) |
Zoning | Hotel Hotel |
Sales consideration | Sold in Sep 2011 for HKD94m Sold in Aug 2011 for HKD459m (completed in 2012) (completed in 2011) |
-END-
About Soundwill Holdings Limited
Soundwill Holdings Limited is principally engaged in old
building assembly and acquisition, property development and
commercial leasing. The Group has completed numerous
redevelopment projects in Hong Kong and possesses a strong
land sourcing capability in urban areas.
This newsletter is issued by DLK Advisory on behalf of
Soundwill Holdings Limited. For enquiries, please contact:
Candy Yeung
+852 2916 2876 candy.yeung@soundwill.com.hk
Peggy Chan
+852 2857 7101 peggychan@dlkadvisory.com
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| distribué par | Ce noodl a été diffusé par Soundwill Holdings Limited et initialement mise en ligne sur le site http://www.soundwill.com.hk. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-21 04:05:32 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| 17 & 19 Hing Wan Street HKD94 million sale transaction completed in advance |
