2024-05-17 28Hse Editor
The largest scale this season, with a valuation of more than 10 billion yuan and a buildable floor area of 1.418 million square feet, the commercial and residential land Nos. 4, 5 (B) and No. 10 in Kai Tak District 2A closed yesterday. The General Administration announced that a total of 6 tenders were received for the residential site in Kai Tak, Kowloon East. However, 7 developers indicated that they participated in the bidding, and most of them are local "Da Masha". Among them, SHKP, Henderson Land, Wheelock, Nan Fung, and Rising Sun International, a subsidiary of "Toy King" Choi Chi Ming, all indicated that they are sole proprietorships In the bid, Sino Land entered into a joint venture with Ka Wah and Great Eagle. Cheung Kong also indicated that it had entered the bid, but did not disclose whether it is a sole proprietorship.
SHKP and Henderson Land entered the bid as a sole proprietorship
Chairman of Wheelock Properties Leung Chi Kin said that the sole proprietorship bid for residential land in Kai Tak will be entered according to the market price. He also pointed out that the difficult time has passed, Hong Kong will soon pass the customs, and the market will gradually improve. He is still optimistic about the market outlook and believes that property prices will stabilize next year . Lei Ting, deputy managing director of SHKP, also pointed out that the group solely invested in the Kai Tak residential site.
Li Bingyu, managing director of the Real Estate Development Department of Rising Sun International Group, said that the group entered the bid as a sole proprietorship this time, and believed that the land was close to MTR Sung Wong Toi Station, with convenient transportation; the underground commercial street spanned San Po Kong, Kai Tak to Kowloon City, and ran through the MTR Kai Tak Station and Sung Wong Toi Station, in the next few years, more and more properties in the area will be occupied, and commercial buildings, shopping malls, entertainment and sports facilities will be completed one after another. The supporting facilities will become more mature and the popularity will be concentrated. I believe it will attract users and investors. property in the area.
Li Bingyu also pointed out that the group will actively explore and participate in suitable development projects in the future, and implement the group's development and investment plan. He also revealed that the residential project in the Qingshan Bay section of Tuen Mun will be launched as soon as the end of next year. He expects that the U.S. interest rate hike cycle is coming to an end, and relevant factors have been considered in the bidding price. The peak interest rate will benefit the development of the property market. Coupled with the easing of the epidemic, the government has gradually relaxed the epidemic prevention policy, and the market is gradually returning to normal. It is expected that the customs clearance between Hong Kong and the Mainland will be released soon Purchasing power. We are optimistic about the future development of the property market in Hong Kong. We believe that the property market will stabilize in the second half of next year. It is estimated that property prices will fluctuate by about 5% to 10% for the whole of next year.
Commercial and residential land No. 4, 5(B) and No. 10 in Kai Tak Area 2A consists of three lands, covering an area of about 214,000 square feet, with a buildable floor area of 1.418 million square feet, and is expected to provide about 1,750 units. The land is close to MTR Songhuangtai Station. The tender was launched in the form of commercial land in 2020, but the bid was eventually rejected. The government changed it to commercial and residential development. The buildable floor area is about 1.418 million square feet. The developer who won the bid will build an underground shopping street To connect to MTR Sung Wong Toi Station, government community facilities need to be built at the same time.
According to industry estimates, the project is valued at about 11.34 billion to 17.02 billion yuan, and the floor price per square foot is about 8,000 to 12,000 yuan.
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