Sino Land and South China seek HK$7b for Central office block

Sino Land and South China Holdings are trying to sell a 33-storey office building in Central for HK$7 billion rather than by individual floors, to command a higher price for the property.

In December, the companies put on sale 11 upper-level office floors in their jointly owned The Centrium in Soho but found no takers. The average asking price was HK$19,500 per sqft.

This month, the companies decided to sell the entire building for HK$7 billion, which translates into HK$21,212 per sqft.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1078232/sino-land-and-south-china-seek-hk7b-central-office