Yeu Shing Industrial Building is a 14-storey building located at the heart of Tuen Mun, supported by a robust public transportation network. As a 28 year-old building under multiple ownership, this had great potential for a conversion project.
A collective sale of the property.
Toyo Mall Limited
What the client said
"Savills Industrial team’s dedication to our project has earn us high regard from our clients."
The property was originally sold as a strata-titled project with 80% ownership. After the transaction was completed, our team also successfully attained the remaining portion of the property for the purchaser, creating 100% ownership of the property.
How we added value
Since the Development Bureau introduced the revitalisation scheme for industrial buildings, Savills Industrial Department has set up a special taskforce offering professional advice to clients interested in acquiring properties for conversion. This has created a win-win situation as it greatly increased the value of the property.