The design plan of the Central Land King Sub-standard Exposures Low Bid Price of Nearly 14 Billion Hengdi Building Similar in Exterior Features

28Hse Editor  2021-12-09  #Transaction

A month ago, Henderson Land was awarded the highest amount in the history of land sales of 50.8 billion yuan, and it was awarded a total of 100 points for Henderson Land’s proposal. . In response to the fact that Henderson Land has paid all the land prices, the government announced yesterday the price of another shortlisted tender, which turned out to be only 37.109 billion yuan. In other words, Henderson's bid was about 13.7 billion or 37% higher than the second bid, and the total score of the second bid was 84.86, which was 15.14 points lower than Henderson. The government also announced the conceptual design of the second tender yesterday, which also uses a low-profile design and is supplemented by a large amount of greenery. reporter Yan Lunle

The Central Waterfront Commercial Land King covers an area of 516,316 square feet with a total construction area of approximately 1.61 million square feet. After a half-year bidding period and five months of consideration, it was announced at the beginning of last month that Henderson Land had bought the land at a sky-high price of 50.8 billion yuan, setting a record for the most expensive land in history. The market has been curious about the bids for the remaining tenders. Yesterday the government announced the answer, saying that as Henderson Land had completed the payment of the full land price in early December on time and the entire tendering process had been completed, the remaining tenders were announced.

All 6 tender designs are qualified

According to the government, six tenders were received in this tender, and all tenders were qualified in terms of non-price recommendations (i.e. project design). However, four tenders were lower than the reserve price set by the government on the closing date and failed to reach Basic requirements for price recommendations. Therefore, only 2 bids (including the successful bidder) met the requirements in terms of price and non-price recommendations.

In addition to Henderson Land, another bid that entered the final selection with a total score of 8.486 and a bid of RMB 37,109 million. Based on the commercial floor area of the project, the land price per square foot was RMB 22,983. It was rumored to be a proposal submitted by SHKP. Based on this calculation, Henderson's bid is about 13.7 billion yuan, or 37%, higher than the next level.

According to the government, the remaining four bids that have long been unsuccessful should have bids less than 37.1 billion yuan, reflecting that the market has doubts about the investment potential of the Central Project and is more cautious than Henderson's and sub-tender proposals.

Substandard attaches great importance to green building design

Looking at the data, comparing the commercial land sold in recent years, the land price per square foot of the Caroline Hill Road in Causeway Bay sold in May this year was RMB 18,374. The bid of the winning Henderson project was 71% higher. The government also announced the related concept map of the sub-tender yesterday. It saw that there are 4 streamlined buildings and large plazas. It attaches great importance to the connection of the wharf area. It also has a lot of green space like the Henderson Land proposal. There are also a lot of solar panels on the rooftop. Create green building design.

As for the winning Henderson proposal, the "bridge" is used as the design concept for the entire development, hoping to build a world-class landmark. There is a top shopping mall, which integrates art, sculpture, nature, culture and theater. Its core is a 6-storey aquarium. In response to global climate change, the projectThe project provides a large amount of outdoor space, the platform uses plants to create a sky forest, plans to connect the community, and encourages a healthy lifestyle and environmental sustainability.

Zhang Qiaochu, managing director of Hongliang Consulting and Evaluation, believes that because the project is tendered by the "double envelope system", in addition to bidding, design requirements must also be taken into consideration. Therefore, although Henderson's bid is quite different from the second bid, it is possible that the second bid Or other bidding documents have different design schemes that cause differences in bids, so it is difficult to directly compare the bids of different bidding documents.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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