Clock Zizuan, known as the "Arcade King," has been liquidating assets this year. Following the sale of premises in塱屋村 and Shiu Wong and Sham Shui Po districts earlier this year, he recently sold all units of Anle Street 16, Liuk Keng, for 98 million Hong Kong dollars. The property, zoned for industrial and warehousing use, has a plot area of approximately 865.7 square meters and a total floor area of about 4,302.5 square meters. At the transaction price of 98 million Hong Kong dollars, the per square meter price is around 2,278 Hong Kong dollars, which is considered to be at market value. Clock obtained the land rights in the 1990s and completed construction in October 2007 after paying the land premium, and the latest sale is expected to yield substantial profits. The new buyer is a mainland company for self-use. Clock is renowned for his investments in arcade machines. This year, beginning in February, he has disposed of four properties, garnering proceeds exceeding 203 million Hong Kong dollars. In February, he sold Anle Street 16, Liuk Keng, for 80 million Hong Kong dollars, with an average per square meter price of 2,196 Hong Kong dollars. In September 2023, he acquired the premises at Anle Street 30-32 and Jingshe Street 31, Liuk Keng, for 150 million Hong Kong dollars, with an average per square meter purchase price of 2,261 Hong Kong dollars. The latest sale indicates a slight decrease in price of about 2.9% compared to the purchase price. Additionally, in 2022, he sold a shop at Guanghua Street 1, Renan Building, Liuk Keng, for 13 million Hong Kong dollars, with an average per square meter price of 13,000 Hong Kong dollars, compared to his 2010 purchase price of 1.45 million Hong Kong dollars for a 16-year loss of 150,000 Hong Kong dollars or about 10%. In January 2023, he sold another building at Xin Gong Street 7, Liuk Keng, for 1.2 million Hong Kong dollars, with an average per square meter price of 3,429 Hong Kong dollars, compared to his purchase price of 1.6 million Hong Kong dollars in 2011, which resulted in a loss of 400,000 Hong Kong dollars, or about 25%.
Clock Zizuan, known as the "Arcade King," has been known for his successful investments in various sectors, particularly in arcade machines. He has been divesting his assets this year, reflecting a strategic shift in his investment portfolio. Immediately after the sale of premises in L?u Kok, Shiu Wong, and Sham Shui Po districts earlier this year, his latest transaction involved the sale of a full building on Anle Street 16, Liuk Keng, for 98 million Hong Kong dollars. The property, with industrial and warehousing use, covers a plot area of 865.7 square meters and has a total floor area of 4,302.5 square meters. At the selling price of 98 million Hong Kong dollars, the per square meter price is around 2,278 Hong Kong dollars, a price that is in line with market conditions. With the land rights secured in the 1990s and complete construction in October 2007 after the land premium was paid, the latest sale is anticipated to yield substantial profits.