Former chemist cures property ailments

It's the oriental-flavoured, Choice Plaza building, at 10 Wellesley St which resembles a giant Chinese lantern.

The area is familiar territory to Chan. In partnership with David Bayley, last December he sold its neighbour, the Singapore -owned, gold-glass Hong Kong and Shanghai Bank (HSBC) building on the corner of Wellesley and Queen Sts, to an Australian-based Chinese buyer for $13.6 million.

Chan, winner of Bayleys Real Estate 2003/4 Commercial Sales Person of the Year award, was involved - in partnership with other agents - in the sale of 44 properties valued at $120 million in the past financial year.

The deals included the sale of the Strand Arcade Shops for $10 million and the former City Works depot on the corner of Nelson and Cook Sts for $28.5 million.

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