China and overseas 8 billion won the runway price of 13% per 13,500 yuan to return to Kai Tak two years ago level
The land price fell with the property price. The third residential site of Kai Tak Runway was awarded by China Overseas Land (00688) for more than RMB 8 billion. The floor price per square foot was RMB 13500, which was 7% to 13% lower than that of the previous month. Returning to the area two years ago, it is expected to sell 27,000 yuan in the future.
The Government has successively launched a number of land plots for the Kai Tak Runway area. The 2nd District residential land in Area 4B received a total of 6 tenders on Friday (21st). The land was eventually repelled by China and overseas to reap the remaining 5 consortiums for over $8 billion. . Based on the land area of about 594,000 square feet, the floor price per floor is 13,523 yuan, compared to the previous site No. 4, which was awarded last month and was awarded by Gao Yin Finance. The land price is about 155,000 yuan, which is about 13% lower. The land price of the No. 3 land awarded by the consortium, such as Wheelock (00020) and New World (00017), was about 1.45 per square foot. Ten thousand yuan is 6.8% lower, and the lowest residential area in the Kai Tak runway area.
China Overseas: Planning to build a luxury home of 12 billion
Referring to the land approved in Kai Tak District in recent years, HNA Group has won 4 residential sites in 2016-2017, the earliest 1K Zone 3 in November 2016 with 8.84 billion yuan, floor price per square foot. The price of the floor area of No. 2 in Zone 4B was returned to the level of the area two years ago.
China Overseas has a development project in Kai Tak No. 1 (I) and (II) in the district. A spokesperson of the group said that the site has a sea view in the former Kaide runway area and has a superior location. It is planned to create a luxury home with an estimated total investment. About 12 billion yuan. Based on this calculation, after deducting the land price, the construction cost will be about 4 billion yuan, equivalent to about 6,000 yuan per square foot of construction cost, taking into account the land price and water supply. The investment per square foot is about 18,300 yuan. It is estimated that the future price will be about 2.7 yuan. Ten thousand yuan, better than reputation. The second-hand price of Hong Kong Bay is 2 to 50% higher, and it is similar to the current level of the new district of Longpan and the same department of Kai Tak 1 about 23,000 to 30,000 yuan.
Expected to use the price of 27,000 yuan in the future
Zhang Zhichu, a senior surveyor, said that the sea view of the site was not superior to the two runways and would look at Kai Tak Hospital. In the near future, Kwun Tong’s new low-priced development and sales, with a slight increase in price to test the market’s success, I believe that this offer is also adjusted with reference to the new pricing trend and market conditions.
Zhang Shengdian, Director of Enterprise Development Department (valuation and property management) of Pu’er Group, said that the land price mainly reflects the landscape difference and the adjustment factor of the market conditions. The location of the No. 2 land in the middle section of the runway area, the landscape is the city view, the Kowloon Bay and the view. The seascape is mainly in the vicinity of the pond, and the price of the remaining land in the upper part of the site is also up to 15,000 yuan. It is believed that the land price gap shows the developer’s view on the market adjustment.
In addition, in the middle of next month, there will be a section of the No. 3 residential land in the same district, and the area will be open to the sea, which will become a battleground for the military. The industry expects the land price to be about 10.4 billion to 13 billion yuan, and the floor price per square foot is 16,000 to 20,000 yuan.