Pursuant to an order for sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance, Nos. 83 & 85 Baker Street and Nos. 26, 28, 30, 30A, 32, 32A,34, 34A, 36, 36A, 38, 38A, 40 & 40A Whampoa Street, Kowloon, Hong Kong (“the Property”) was sold by public auction. The Property was successfully acquired by bidder No. 1 buyer Sino Accord Investment Limited at HK$1,306,500,000.
The Property is located at the junction of Baker Street and Whampoa Street in Hung Hom district. Developments in the vicinity are predominated by high-rise residential buildings and aged tenement blocks with retail shops on ground floor. Majority of the ground floor premises in the vicinity are occupied by food and beverages and various retailers, etc. Public transportation facilities such as franchised buses, public light buses and taxis are conveniently available in the vicinity. The MTR Hung Hom Station and Whampoa Station are within 10 minutes’ walking distance. According to the relevant approved building plans, the Property comprises four 8-storey buildings all with domestic use on upper floors and shops on ground floor.