Nanlang Bay sells more than 100 million parking spaces
The government’s “hot tricks” have caused funds to be transferred to other properties. Parking spaces have become the target of the market, and some developers have also taken advantage of the potential to dismantle parking spaces. The South Bay (0688)-led development of Nanlang Bay in Tuen Mun was followed by low-profile demolition of parking spaces last month. According to the Land Registry’s statistics, the parking spaces at Nanlang Bay have been recorded in succession since the end of March this year. To date, there have been 78 transactions. The transaction price of parking spaces ranges from RMB1.25 million to RMB1.45 million. Developers have cashed in over RMB100 million.
Expected rental return 2.4%
It is reported that there are 1,264 residential units in Nanlang Bay, with 254 parking spaces and a parking space ratio of 5 to 1. Buyers must be owners of Nanlang Gulf, and some of the parking spaces are sold under leases. Currently, the monthly parking space is 2,500 to 2,800 yuan, and the expected rental return is about 2.3 to 2.4. In addition, in the past, only parking spaces in the Mid-Levels West were rented. Swire Properties (1972) was sold for sale in March this year. The parking lot has a total of 45 parking spaces. According to the Land Registry’s information, the project sold 36 parking spaces. About 2.5 million to 4 million yuan.
April commercial property sales 943 rose 20%
In addition to parking spaces, commercial buildings are also sought after by the market. Zhong Yujian, a business associate of Midland Commercial Assistant, said that Room 03, Middle Level, Office Space, Wanchai Exhibition Plaza, is now on sale, with an area of 1,951 square feet, an intentional price of 50,000 yuan from the owner, and an intention price of approximately 97.55 million yuan. He pointed out that the above-mentioned properties for sale have sea views, and there are rare sea-view households in the area which are currently available for sale. Currently, they have even leases for sale.
In addition, the data of the Comprehensive Land Registry of the United States Industrial and Commercial Bank Information Research Department showed that the overall number of registrations for commercial and industrial shops (specifically reflecting market conditions in March) recorded a total of 943 cases, up 23.1% month-on-month, which was the highest since March 2013. The level is second only to the record of 998 cases recorded in February this year. The registered amount is over RMB 13.4 billion, reflecting the hot atmosphere of the trading. A number of industrial and commercial building projects were launched and accepted.
According to the type of property, the number of industrial buildings registered was 596, accounting for 63.2% of the total number of industrial and commercial shops, up 15.7% on a month-to-month basis, involving an amount of 4.53 billion yuan; 184 registered sales in commercial buildings rose by 95.74% on a monthly basis. The amount was 5.75 billion yuan, which has more than tripled. The shop registered 163 cases last month, rising 3.82% month-on-month, involving a total amount of 3.132 billion yuan, up 2.78% on a monthly basis.