Easyknit International  has signed a provisional agreement for the acquisition of the property at 2/F of Block D, 301, 301A-C Prince Edward Road West, the Prince Edward Building, Kowloon for HK$19.8 million.

The property unit is currently on lease at an aggregate rate of HK$15,000 per month and currently used for residential purpose. The tenancy commenced on 1 August 2010 and will expire on 31 July 2012.

The company has already acquired 8 out of the 12 units in the Prince Edward Building.