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Selling for the third time! Education Association sells San Po Kong commercial building for 38.6 million and loses 20 million in 8 months

2021-11-24T09:05:00.800Z


The 48-year-old Hong Kong Educational Professionals Association (Education Association) officially passed its dissolution on September 11 this year, and subsequently sold its properties. The latest sale of the commercial unit in Wandi Plaza, San Po Kong, the transaction price is only


The 48-year-old Hong Kong Educational Professionals Association (Education Association) officially passed its dissolution on September 11 this year, and subsequently sold its properties.

The latest sale of the San Po Kong Wandi Plaza commercial building unit was only 38.6 million yuan, compared with the purchase price of 59.42 million yuan in March this year, and a book loss of more than 20 million yuan.

The Comprehensive Education Association has sold goods three times in just three months since September, and a total of nearly 270 million yuan has been cashed out.

It only entered the market in March this year, and the actual eclipse is nearly 24 million.

According to the data, the above-mentioned units were sold in Units F, G and H on the 9th floor of Wandi Plaza on November 9th for 38.6 million yuan. This batch of units has a total area of ​​4,534 square feet and a price of about 8,513 yuan per square foot.

The property is held by the Hong Kong Professional Teachers Association (HONG KONG PROFESSIONAL TEACHERS' UNION) and was only purchased on March 23 this year for about 59.42 million yuan.

Calculated based on the latest selling price, holding the goods for only about eight months, the book value has depreciated significantly by 20.82 million yuan, and the loss is as high as about 35%.

In addition, the Education Association has to pay about 2.5253 million yuan as tax when buying the above-mentioned commercial building units. If the commission expenses at the time of sale are taken into account, it is estimated that the actual loss is about 23.73 million yuan.

Wandi Plaza.

The Educational Association's 230 million units in two commercial buildings in Mongkok are all received by Baiben Medical

In fact, the Education Association has sold two commercial properties in Mong Kok twice earlier this year, including the sale of two floors on the 8th and 9th floors of the Good Hope Building in Mong Kok for 175 million yuan in early September this year, and the sale for another 55 million yuan at the end of September. A full-floor commercial building on the 7th floor of Zhongqiao Commercial Building in Mong Kok, which is the head office of the Education Association.

The properties of the Mong Kok commercial building are all undertaken by Baiben Medical (2293).

Based on the above three property sales cases, the Education Association has cashed out a total of 268.6 million yuan in less than three months.

The Tung Chee-hwa family spent 1.3 billion to purchase the two-story "Tai Hang Shop King" in Central Center for more than 150 million. The Zhou Shengji family sold more than 150 million in the Tai Kok Tsui commercial building in two months. Vacancy rate in District A building remains high

Source: hk1

All news articles on 2021-11-24

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