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According to reports, McDonald's sold a store in Tsuen Wan, Hong Kong for HK$120 million. The report notes that the 12,251-square-foot property has appreciated 14 times in 39 years, and the price per square foot is close to HK$10,000. This store opened in 1978 and is McDonald's first branch in Hong Kong's New Territories. McDonald's purchased the store for HK$8 million in 1987.
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According to reports, McDonald's sold a store in Tsuen Wan, Hong Kong for HK$120 million. The report notes that the 12,251-square-foot property has appreciated 14 times in 39 years, and the price per square foot is close to HK$10,000. This store opened in 1978 and is McDonald's first branch in Hong Kong's New Territories. McDonald's purchased the store for HK$8 million in 1987.
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