10 October 2014 - Sing Tao Daily reported that an entire building at “Ladder Street Terrace” in Mid-Levels West was recently transacted at HKD140 million. The site of the property is approximately 2,860 sq. ft. with the maximum plot ratio being 5 times the site area.
In terms of the maximum re-development area, the transaction price is about HKD9,790 per sq. ft. The current 4-storey residential building on the site was completed in 1952 and is 62 years in age.
In addition, No 1-3 Swatow Street in Wan Chai with a total site area of 2,100 sq. ft. was also recently sold at a price of HKD68 million.
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