Lee Cheuk-ren sells Mei Foo Xincun property at a low market price of 10% "Looking at the market outlook, but will not leave Hong Kong"

Real estate market

Author: Li Tong

2021-01-17 16:38

Last update date: 2021-01-17 16:44

Li Cheuk-yan, chairman of the stake and vice chairman of the Labor Party, or related persons, recently sold a unit in Mei Foo New Village, an old housing estate, at a market price of about 10 million yuan.

When Li Cheuk-ren replied to this newspaper's inquiry, he admitted that he had sold the Mei Foo New Village unit, but did not disclose the price.

Li Cheuk-ren continued, "Selling the property is because of the downturn in the market. Seeing that many people have immigrated, they will sell Zuoqu (a unit in Mei Foo New Village) at a good price." He continued, saying that there are no other properties on hand and decided to rent. Resident, but the rental location has not yet been confirmed.

When asked whether he would immigrate, Li Zhuoren emphasized, "I will not immigrate or leave Hong Kong."

According to sources, the low-rise B room at No. 5 Broadway Street, Phase 1, Mei Foo Sancun has a saleable area of ​​827 square feet. It is rumored to be sold for 10 million yuan, and the net price per square foot is about 12,092 yuan.

According to information from the Land Registry, the property was purchased in November 2006 with a joint name of 3.32 million yuan. The registered owners are Li Zhuoren and Deng Yan'e. If the transaction price is confirmed to be 10 million yuan, the book profit will be about 6.68 million yuan, a double increase.

According to the bank's online valuation of Shangzhi, the property valuation ranges from approximately 10.50 million to 11.07 million. If the transaction price is confirmed to be RMB 10 million, the low market price is about 10%.

Lee Cheuk Man, Mei Foo Sun Chuen