HONG Kong surveyors C Y Leung & Co and Jones Lang Wootton, appointed to value the historic buildings along Shanghai's famous Bund, are close to completing their assessments.
Another local surveyor, Chung Sen Surveyors, said it had already submitted its valuation report to the Shanghai municipal government.
The company's senior marketing manager, Patrick Chan Hon-hung, said: 'We were the only one on time to hand in by the mid-February deadline.' He said the company was negotiating with Shanghai officials for further valuation work on other Bund buildings.
'Nothing is fixed yet and the officials are still in the process of assessing [the application].' Chung Sen was awarded a contract to carry out a valuation of the 70 to 80-year-old Bank of China Building at 23 Zhongshan Road (E).
The 412,304 sq ft gross floor area building is occupied by Shanghai government departments.
Mr Chan said he understood from the Shanghai government that the Shanghai branch of the Bank of China was interested in resuming use of the building.
C Y Leung's assistant general manager at the company's Shanghai office, Solo Cheung Wing-shun, said the valuation of 6 Zhongshan Road (E), formerly the Great Britain Bank Building, was complete.
