Kai Tak has a valuation of 25.5 billion

heavyweight land king, will be closed on Friday (11th), involving 1.415 million square feet of buildable floor space. The current market valuation is in the range of 17.7 billion. Up to 25.47 billion yuan, challenging the record of residential land kings.

The site is located in Yu. The location of the site east of Harbour, covering an area of ​​approximately 178,000 square feet, with a maximum floor area of ​​approximately 1.415 million square feet, designated for non-industrial purposes, with a residential floor of a maximum of 1,066,000 square feet, but not for residential floors. 349 thousand square feet, belonging to one of the largest residential areas in recent years.

District 1F covers an area of ​​178,000 sq.m.

The current market valuation ranges from RMB 17.7 billion to 25.47 billion, and the estimated land price is between RMB 13,500 and RMB 18,000. This will exceed the number of West Kings of Xinghua Street, Cheung Sha Wan, awarded last year at RMB 17.29 billion. The most expensive residential area in Hong Kong.

Zhang Shengdian, director of the Corporate Development Department of Vale Group (Valuation and Property Management), said that the shortage of land supply and the recent bids in the urban areas remain positive, reflecting the market’s optimistic outlook for the property market in Hong Kong. %, the latest is 2.12 billion yuan, and the floor price is about 15,000 yuan. It is estimated that the price will be as high as 27,000 yuan after completion.