Viewpoint Real Estate Network News: On the evening of July 4, Eagle King Group Co., Ltd. issued an announcement that Guanjun Industrial Trust, which holds 65.62% of its shares, may sell the office building property project of Langham Place in Hong Kong.
Viewpoint Real Estate New Media learned from the announcement that Eagle Jun has been informed by the administrator of Crown Crown REIT that it has appointed Savills (Hong Kong) Limited to represent Crown Crown REIT on behalf of Crown Crown REIT to explore the possibility of selling all the rights and interests of Langham Place office building at 8 Argyle Street, Mong Kok, Kowloon.
According to the viewpoint real estate new media inquiry, Hong Kong-funded companies are not alone in selling their properties in Hong Kong at the right time. On June 5 this year, Mandarin Oriental International Limited intends to sell the Hong Kong Excelsior, a veteran hotel in Hong Kong. A number of consortiums, including mainland enterprises, are negotiating a purchase, and according to estimates, the market value of the project can reach HK$20 billion to HK$30 billion.
In November 2016, Henderson Land Development Limited sold the entire commercial building at 18 King Wah Road, North Point, Hong Kong for approximately HK$10 billion. In March last year, Henderson Properties sold 30 non-core properties in Hong Kong with a total market capitalisation of nearly HK$68 billion, including 10 office buildings, 2 hotels, 15 bunks and some commercial floors, all with prices lowered by 4% to 10%.
![Christmas Series 9: Langham Place creates "Christmas Polar Glacier"[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)