The old building at No. 291-293 Castle Peak Road, Cheung Sha Wan acquired by 00617.HK applied for a compulsory auction to the Lands Tribunal. According to the documents of the Lands Tribunal, the consortium applying for compulsory auction held an average of 82% of the ownership of the project as a whole, and the remaining two units were not successfully acquired. The market values the project at more than 139 million yuan.
The site covers an area of about 2880 square feet and is now located in a five-storey commercial / residential building completed in 1955. If redeveloped at a plot ratio of 9, the total floor area can be about 25900 square feet.