Digest
WFJ Development moves into Beijing retail world
Hongkong Land's 95 per cent held subsidiary WFJ Development recently won a site in the heart of Beijing for 2.9 billion yuan (HK$3.54 billion) to develop an integrated retail centre and luxury hotel. The developer said the 293,000 square foot site is in the western part of the Wangfujing shopping area. The total gross floor area of the development will be around 1.4 million square feet, including three basement levels. Paggie Leung
Mid-Levels owners agree record collective sale
A collective sales agreement has been reached between the individual owners of flats in Arts Mansion, 31 Conduit Road, Mid-Levels, and a property investment fund, according to property consultant Knight Frank, which arranged the sale. The fund bought 90 per cent of the 144 flats for HK$1.85 billion. Knight Frank said it was largest collective sale of private property in Hong Kong. Peggy Sito
Guangzhou flat sale expected to net 75m yuan
Chuang's China Investments will start selling the second phase of its Guangzhou property, Le Papillon, this weekend. Prices of the 97 flats average 9,500 yuan per square metre and the company expects to reap 75 million yuan if it sells all the flats. The development has a gross floor area of more than 450,000 square metres and is close to Lianhuashan Pier in Panyu district. When completed it will consist of 11 blocks comprising more than 350 flats with standard designs and a number of executive duplexes. Three blocks have been completed. Peggy Sito
