Chinatown Dumpling House Sells for $6.1M

Chinatown just lit up the real estate scene as the Chun Wazi Dumpling House sold for a jaw-dropping $6.1 million — smashing its reserve by 12% — proving the CBD market is roaring back. The Louey family, who bought it in 1964 for just $92k, cashed out big time on this prime spot with a long-term lease. With Chinatown boasting one of the lowest vacancy rates in the city at just 1.1%, this auction was a rare spectacle. Meanwhile, a Preston aged care home flipped for $6.5 million after a revamp, and a Clayton day hospital hit $7.65 million — showing a vibrant, diverse commercial market where smart bets are paying off big. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/30b583d6d7c10155