_Collective sale of Nos. 24, 26, 28 & 30 Fuk Chak Street, Kowloon sold at HK$286,000,000

4 February 2025 - Pursuant to an order for sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance, Nos. 24, 26, 28 & 30 Fuk Chak Street (“the Property”) was sold by public auction. The Property was successfully acquired by bidder No.1 buyer Dynamic Summit Limited at HK$286,000,000.

The Property is located at the northern side of Fuk Chak Street in Tai Kok Tsui. The locality is a residential area with a mix of aged tenement blocks and newly developed residential towers. Majority of the ground floor premises in the vicinity are occupied by food and beverage, construction material shops, motor machinery service and retailers of various trades etc. Public transportation facilities such as franchised buses, public light buses and taxis are conveniently available in the subject neighborhood. MTR Olympic Station is situated around five minutes’ walking distance from the Property.

The Property comprises two 6-storey adjoining blocks, and each block is served by a common staircase. The site area is 5,600 square feet or thereabouts. According to the approved Mong Kok Outline Zoning Plan No. S/K3/38 gazetted on 29 October 2024, the Property falls within an area zoned as “Residential (Group A)”.