Four pairs of six-storey tenement buildings collectively sold for $697m
The property was acquired by the top bidder Ever Great Development Limited.
A property composed of four pairs of six-storey tenement buildings located at Tai Kok Tsui Road was collectively sold to Ever Great Development Limited for $697m via public auction.
In a statement, Knight Frank said the property at Nos. 177, 179, 181, 183, 185, 187, 189 & 191 Tai Kok Tsui Road, Kowloon falls within an area zoned as “Residential” and has a site area of around 8,995 square feet.
The developments in its vicinity are composed of medium to high-rise tenement buildings and recreational facilities.
Public transport facilities are accessible along Tai Kok Road, whilst the Prince Edward MTR Station is within a 10-minute walk.
The property was sold following the order for sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance.