2024-05-03 28Hse Editor
The government has previously "divided up two" on the top of the Wenhui Road, and announced that it will first tender for residential land Nos. 2, 4, 6 and 8 this season. The large-scale plot has an area of 134,900 square feet and a maximum buildable floor area of 259,300 square feet, providing about 240 units. The Lands Department announced the specific tender date yesterday. The tender will be launched next Friday (November 20). The tender will be closed on December 18. The surveyor’s valuation is between 7.78 billion and 10.633 billion yuan. The estimated land price per square foot is about 30,000 to 41,000 yuan.
The floor price is expected to be 30,000 to 41,000 per square foot
Knight Frank Executive Director Lam Ho-wen described the mountaintop land as "a must for military strategists." It is expected that major developers will be interested. In terms of bids, although the Transport and Housing Bureau has withdrawn the vacancy tax bill, he still believes that developers should be conservative in their bids based on the current super-luxury market conditions. He also pointed out that although the Peak Land was subdivided and launched, the land price is always high. The investment is expected to be about 12 billion to 14 billion yuan. It is believed that only 3 to 5 large developers will enter the bid, and some Chinese investors may form a consortium to enter the bid. .
The location of the land is superior, which is conducive to the development of super luxury houses. Lin Haowen estimates that he will build a mixed development of bungalows and stratification. It is estimated that the floor price of the land is about 30,000 to 32,000 yuan, and the land price is about 8.6 billion to 9.2 billion yuan. The valuation is compared to 2019 It was about 25% lower in June. The bank predicts that the project will sell for an average of RMB 65,000 per square foot after completion.
However, Lin Haowen pointed out that the project also has unfavorable factors. In recent years, 40 to 50% of the buyers of such super luxury homes are from the Mainland, and the current super luxury home market is relatively slow. If the government cannot "follow the market" on the reserve price, the land is still There is a chance to stream the standard. It is understood that Wenhui on the top of the mountainIn October 2018, the residential land of Dao Road failed to meet the government's reserve price.
In addition, the Lands Department applied to the Town Planning Board for the relaxation of the 20% plot ratio and building height restrictions for the residential land on Yong Yip Road in Yuen Long under the land sale plan, in order to increase the supply of 19 units, and the height also increased from 9 meters to 9.9 Meter. The land is adjacent to the Dong Tau Industrial Zone. The revised unit supply has increased to 112 units, and the total floor area has increased to 78,500 square feet. Eight buildings of no more than three floors and one 1-story non-residential property will be built. According to the department, the application for the relaxation of the density is to make the best use of it hopefully and to increase the amount of housing produced to meet the urgent housing needs of the public.
Oceanwide Flood Bridge Premium 3850 HKD per square foot
In addition, it is reported that Oceanwide Group's Hung Shui Qiao Tianxin Road project has recently completed a land premium of more than 2 billion yuan, and the land price per square foot is about 3,850 yuan, which is 20% higher than the adjacent land three years ago. The project is adjacent to the Hung Shui Bridge Light Rail Station, covering an area of about 110,800 square feet. The total floor area that can be built in the future is about 520,000 square feet. In addition to 6 residential buildings, there are also 34,000 square feet of commercial floor space. , Belongs to the largest project in Oceanwide's history. According to the news, Oceanwide plans to invest about 4.5 billion yuan, and it will launch the sale of uncompleted flats as early as the end of 2021 or early 2022.
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