2024-05-03 28Hse Editor
The fifth wave of the epidemic in Hong Kong continued to be severe, and the stock market plummeted at the same time, but the negative news did not affect the deployment of MTR. Tang Zhihui, director of property and international business of MTR, said yesterday that the proposed property development project for the ventilation building in Pak Shing Kok, Tseung Kwan O, which has just been closed, will provide 550 units and will be officially tendered today. In the next fiscal year, the MTR will launch 3 projects for tender. Among them, the most eye-catching project of Phase 1 of Siu Ho Wan will be launched more than a year earlier and will provide 1,500 units. The entire project will be named "Siu Ho Wan" Oyster Bay". As for its shopping malls, Dawei "Waifang" has pre-leased 15% of the floor, but in the face of the fifth wave of the epidemic, Deng Zhihui admitted that he could not predict the progress of leasing this year, because he could not know the duration of the epidemic. ◆reporter Yan Lunle
Baishengjiao project starts bidding today
MTR Tseung Kwan O Pak Shing Kok Ventilation Building Property Development Project received 36 letters of intent earlier. Tang Zhihui said that the project will be tendered today and will be closed on April 13. The project is located on Chiu Shun Road, Tseung Kwan O, near the junction of Wanwan Avenue. The maximum residential floor space that can be built is about 290,692 square feet, and about 550 units are provided. The market estimates the land at about 1.6 billion to 2.3 billion yuan, and the land price per square foot is about 5,500 to 8,000. Yuan.
In addition, MTR will tender for 3 projects in the next fiscal year, namely the Tung Chung Traction and Distribution Station Project (about 1,600 units), the first phase of Tung Chung East Station (about 1,500 units), and the first phase of the superstructure of the Siu Ho Wan Depot. In the first stage (about 1,500 units), together with the Yum Kok site under tender, the 4 sites will provide about 5,100 units in total. The company plans to launch pre-sale projects within this year of LOHAS Park Phase 11, South Shore of Hong Kong Island Phase 4, Ho Man Tin Station Phase 2 and Kam Sheung Road Station in Yuen Long, with a total of about 5,700 residential units in the 4 projects .
One of the high-profile projects in the next fiscal year is definitely the first phase of the first phase of Siu Ho Wan. The entire project is very large, and half of the 20,000 units are subsidized housing. According to the original plan of the MTR, the tender for the Siu Ho Wan project was supposed to start in 2024, but the MTR is ready to launch it in the next fiscal year, which is more than a year earlier. Deng Zhihui bluntly said that he received the task of the Chief Executive and the Development Bureau, so he accelerated the pace of bidding, but the specific bidding time will depend on the relocation progress of the car factory and government agreements.
Asked whether the Tung Chung Traction and Distribution Station project passed the bid last year, is there any new countermeasures for the re-launch this year? Tang Zhihui said frankly that since the site is located directly above the tunnel of the Tung Chung railway line, piling is technically difficult and has potential settlement problems. Therefore, the MTR currently plans to do research work first, so that developers can have more information when entering the tender. For reference, reduce development risk. In addition, according to the market conditions, the tendering method will also be reviewed, such as cash tendering, share tendering, etc. are all considered, and the details will be clarified when the tender is issued.
Tai Wai "Wai Fang" to open next year
When asked about the market outlook, Deng Zhihui pointed out that the market is uncertain and complicated, there is war in the periphery, and Hong Kong is alsoIn the fight against the epidemic, the stock market has fallen even more recently. The launch of new projects in the market has slowed down in recent months. MTR will also pay attention to the situation and hope that the uncertainties can be passed as soon as possible. As for its shopping malls, Tai Wai "Waifang" with a total floor area of about 650,000 square feet has pre-leased 15% of the floor area. Tenants include supermarkets, large restaurants, cinemas, larger retail stores, and several specialty restaurants, etc. . As for "THE SOUTHSIDE" in Wong Chuk Hang, with a total floor area of about 510,000 square feet, many large-scale merchants have already settled in.
In the face of the fifth wave of the epidemic, Deng Zhihui said frankly that he could not predict the progress of leasing this year because he could not know the duration of the epidemic. Based on the demolition progress of New World Development's Pavilia III and the time of the approved occupancy permit, the floor space for the first phase to be opened will be determined, and the second phase is expected to open in the second half of next year.
As for "THE SOUTHSIDE" in Wong Chuk Hang, with a total floor area of about 510,000 square feet, it is also expected to open in the second half of next year. Currently, the tenants include cinemas. In addition, large restaurants and large shops in the service industry are also close to finalizing the lease.
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