29 August 2008 - Peter Ho and Wilfred Tong, partners at JSM, act as trustee for the sale of Kam Kwok Building, Nos. 210-216 Gloucester Road, No. 377 Jaffe Road and Nos.22-32 Marsh Road, Hong Kong and National Building, Nos.12-20 Marsh Road and Nos.388-390 Jaffe Road, Hong Kong.

The sale proceeded by way of a public auction held under the Land (Compulsory Sale for Redevelopment) Ordinance (Cap. 545) and the property was old in the morning of 28 August 2008 to the Majority Owner, Intelligent House Limited, a subsidiary of Henderson Land Development Company Limited for HK$1,421,124,000.

The two buildings are situated in the Wanchai District and are connected to each other. Each of them comprises a 19-storeyed composite commercial/residential building with commercial use on the ground and the first floors. The buildings were completed in 1961 and together has a total site area of about 15,955