2024-05-17 28Hse Editor
Excluding the elderly care homes and related parking facilities that the winning consortium is required to build according to the terms of the land sale, it is expected to provide about 640 units, and the development period will end on March 31, 2029.
Potential slope risk may require additional cost
Considering the current market conditions and uncertain economic prospects, as well as the potential slope risk of the site, the developer may need to reserve additional costs and time to deal with the problem. Many surveyor firms have significantly lowered the land valuation earlier.
Checking the data, the last land sold in this district was the Huangmajiao Road project (ONE STANLEY) bid by Jianhao Real Estate in 2016, with a buildable floor area of 226,044 square feet, which was sold at 2.811 billion yuan per square foot The floor price is about 12,436 yuan. In comparison, the valuation of the residential land on Cape Road by the market earlier has been equivalent to the land price in the area 7 years ago. As for ONE STANLEY to provide 82 units, it will be launched in the first quarter of this year at the earliest. The failure of the land bid this time is expected to affect the pricing of the project.
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