Wong Chuk Hang 2 with up to a maximum valuation of 10.4 billion

Wong Chuk Hang MTR Station (00066) Phase 2 this Friday (December 1) closing, together with the premium, the total value of the estimated value of about 8.87 billion to 10.35 billion yuan, expected to jointly attack the Hong Kong consortium tender.

Materials in Hong Kong consortium jointly bid

The second phase of Wong Chuk Hang Station received a maximum of 37 letters of intent last month. It is the second-highest number of letters of intent for the railway project. It can build about 493,000 square feet of floor space and can provide about 550 to 600 people. The land premium amounting to about $ 5.21 billion spread at a landfill cost of $ 10,576 per sq. Ft. The land premium for the railroad project reached a new record high, with a dividend rate of 30%.

It is hard to find high-quality land in urban area. The estimated investment amount of the project is over 10 billion yuan. I believe there will be many development associations and consortia that gain the bid to gain the victory and share the risk.

Lam Hau-wen, Senior Director of Knight Frank and Head of Valuation and Consulting Department, said that the project is a rail cover project. In recent years, new sales have been on the upside and developers have raised their confidence. It is expected that China-Hong Kong or Hong Kong-China joint venture consortium will bid for the project, Developers bid more aggressive, expected to receive more than 10 bids, of which 3 to 5 will be joint venture tender, even with the premium premium of about 8.87 billion to 10.35 billion yuan, the floor premium of about 18,000 to 21,000 feet, that is, development Business bid about 30 billion to 50 billion yuan.