, Hong Kong

Buildings that can be revived drives sales in investment market

There was a HKD 515.0 million purchase.

The investment market was driven by sales of buildings with revitalisation potential.

According to a research report from JLL, a local investor purchased the whole of Mineron Centre in Fanling for HKD 515.0 million (HKD 3,371 per sq ft).

Meanwhile, in other market news, local pharmaceutical producer Vickmans Laboratories leased the whole block of Fook Wo Group Building in Fanling.

The report said that it was leased out at a monthly rental of HKD 360,000 (HKD 7.65 per sq ft).

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