Wing Lun Wanchai Admiralty Building approves mandatory reserve price of 801 million

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Wing Lun Wanchai Admiralty Building approves mandatory reserve price of 801 million

The Wan Chai Golden Bell Building, which was acquired jointly by the Yonglong Group and the persons concerned, was recently granted a definitive lease by the Land Tribunal at a price of 8.01 billion yen, a decline of about 411.5 million or 4.9 per cent from the market value of 8.425.1 million yen applied for in May 2022. The Golden Bell Building, located at 52 to 58 Shepherd Road, 17 to 21 Subdistrict Streets, was built in 1967. It is about 57 y…