【Rice News】Xuefang Food Factory, Tongzhen Industrial Building is on sale for $13 million, average price per square foot is about $2,630

Kwai Chung District is located close to the mainland border port, making it very convenient to travel between China and Hong Kong. In addition, the district has complete industrial and commercial facilities, and many investors and users have flocked to the market, boosting the entire district's building sales market. Some owners seized the opportunity and took the opportunity to sell their properties.

Ms. Chen Yi, senior property consultant of Les Properties, said that she had been commissioned by the owner to sell a unit at Tung Chun Industrial Building, 78-84 Cheong Wing Road, Kwai Chung, with a construction area of approximately 4,942 square feet (unverified). The owner's intended price was approximately HK$13 million, with an average price per square foot of approximately HK$2,630 and a market rent of approximately HK$11 per square foot.

The unit is a business workshop with a 10-foot high floor, thin columns and many open windows. It has a separate toilet, a parking lot and a loading dock, which can accommodate 40-foot containers. The building is located on Cheung Wing Road, with an excellent geographical location, at the junction of Kwai Chung Road and Kwai Chung Section of Castle Peak Road, close to Kwai Hing MTR Station, and multiple bus and minibus lines to and from Kowloon and the New Territories.

Chen Yixu said that in recent years, there have been many projects under development in Kwai Chung District. Many buildings in the district have been renovated, and new commercial buildings have also emerged, accelerating the appreciation and transformation of old industrial areas. The prospects are very good, attracting many investors and users to move in for development. The market demand for buildings in the district has continued to increase. In addition, large-area units with high practicality rates are rarely bought, and it is expected that transactions in the trading market will continue to grow.