Wu Zongquan: If HNA re-sells Kai Tak, the German Association for the Future will study
Hong Kong Wenhui News (Reporter Liang Yueqin) Wheelock Chairman and Managing Director Wu Zongquan said at a news conference yesterday that the purchase of Kai Tak residential land at a price of RMB 6.359 billion from HNA’s Hong Kong International Construction Co., Ltd. was marketed last Friday. The last piece of land sold by Kai Tak will be sold. When they have other information, they will conduct research and the Group will continue to selectively invest in land. In addition, Wheelock has actively promoted new properties. After its sales of 750 people in the last week at the Loong Kang Shopping Mall in MALIBU, the price was increased by 1% to 2% in addition to 160 units. The discounted average price was 15,621 yuan. Real admission was 5.814 million yuan, which was put on sale this Friday.
According to Wu Zongquan, the Group completed the development after obtaining the land in Kai Tak for about three to four years. Now it is said that how the development is still preliminary. In any case, even if there are Chinese-funded institutions joining the local real estate market, he believes that Hong Kong's real estate market is an open market and has always been competitive. It remains liquid in the current market at a high level or not. The Group will continue to invest in the land, but it will proceed selectively. As of last Friday, the land bank has reached 7.9 million square feet, mainly in the urban areas and near subway stations.
7.9 million square feet of land reserve
For the 2017 annual financial statements that have just been announced, Wheelock increased its share capital and bond investments from 9.53 billion HKD at the end of 2016 to 29.01 billion yuan. According to Wu Zongquan, the group only used funds to “park first” in the payment. Some of these investments will be used when purchasing the Kai Tak site.
He pointed out that the government and developers have to discuss on-street development and related policies, and even land supply, it is an important issue. Even if there is not necessarily a simple and clear answer, it is worth spending.More time to discuss and study.
This year sales focus on residential
He also said that the group has sold more than 5 properties for sale this year, including a total of 1,600 MALIBU, Kanda GRAND OASIS KAI TAK, Tseung Kwan O GRAND MONTEREY, Tuen Mun GRAND NAPA and Hilltop MOUNT NICHOLSON to achieve no less than 10 billion HKD in sales, but there will be no case of full-scale commercial buildings being sold as in previous years.
Billion billion sales revenue standards
As a matter of fact, as of yesterday, the sales income of Wheelock this year has exceeded 10 billion yuan, and its Lok Ma Kang MALIBU has pushed 160 more teams yesterday. The average discount price is 15,621 yuan, 8.8% higher than the first price list. After deducting the floor and landscape factors, the rate of increase was 1% to 2%, with a discount of 5.814 million yuan. Huang Guangyao, Executive Director of Wheelock, pointed out that the market price of MALIBU pushing 160 partners yesterday was 1.709 billion HKD and will be on sale this Friday.
He pointed out that the new batch of units will be distributed in 2 and 3, including one- to three-bedroom households, with an area of 367 square feet to 801 square feet. The price list price will be 7.4 million HKD to 17.43 million yuan, with an average price of 19,898 yuan. With a discount of 21.5% and a discounted selling price of 581.4 to 13.69 million yuan, it will be divided into A and B groups.
He also pointed out that MALIBU had sold 750 gangs in the past weekend and cashed in more than 6.415 billion yuan. The average closing price was 14,800 yuan. There were more than 50 to 60 groups of buyers of two or more big hands, and the payment was made by the first home buyer. The buyers of the plan accounted for about 57% of the total. He added that about 10 of the featured properties in Blocks 2 and 3 of the development are expected to be launched through tenders and have the opportunity to challenge the new record in the same district.
In addition, the MOUNT NICHOLSON is responsible for the sale of the Peak, which will be closed on the second phase of the first large house on the 2nd.