65.6 billion this year, the Chinese capital grab the highest ever

Recall that in 2017, Chinese developers actively invest in land and buy their own homes in private markets for a total of 65.58 billion yuan to absorb land reserves, covering about 5.44 million square feet of floor space. The total amount expected to hit a new high, accounting for about 24% of the total land supply, .

5 largest developers to attract more than 50%

In 2017, the market recorded land sales of approximately 22.724 million sq ft on government land, including Cheung Kong (01113), Sun Hung Kai (00016), Heng On ( 00012), Xintiandi (00017) and Xinzuo (00083), successfully managed to absorb as much as 13,049,000 sq ft of land through land premiums and bidding for government land, accounting for 57% of the total, consolidating the market Dominant, involving the amount of land up to 91.58 billion yuan.

As for Chinese developers sweeping the supply of government land and railway projects in the first half of the year, they seized a slight relief in the second half as the central government tightened its capital outflow.

However, to sum up this year’s full-year calculation, the Chinese-funded financial conglomerates have collectively denounced 65.58 billion yuan to absorb land reserves, a substantial increase of 60% from that of the previous year. They include Lung Kwong (03380) and KWG (01813) Record breaking 16.66 billion won Ap Lei Chau mansion.

Meanwhile, the sources of land storage by Chinese developers are also more comprehensive than before. They even bid for land premiums and acquisition of old buildings in addition to bidding for government offices. Among them, Shenzhen Nakasu represented 3.58 billion yuan of land value of Huicang warehouses before the Foochow, and the land price per square foot was only 3,580 yuan.

To win the big win this year, Xinxiang, which completed two large premium landings during the year, absorbed as many as 7,719,000 square feet of floor space during the year, accounting for one third of the total supply. The total land premium was about HK $ 27,660 million. The average floor area per square foot The face price is only $ 3,600, mainly due to the lower costs of two premium projects in Tuen Mun Area 54 and Sai Kung Shizu Town.

Followed by a total of 16.37 billion won the three Cheung Sha Wan commercial new world, but also to absorb more than 2,220,000 square feet floor. As for the positive placement in the second half of the letter, although won seven residential and an industrial land, but when the West Railway Station on Kam Kam Road, a residential area in Cheung Sha Wan Wang and other joint venture in the form of investment, if the share of interest Calculated, expected more than 20 billion yuan to absorb 1,563,000 square feet floor.

As for other local small and medium-sized developers, they are also very active. Most notably, they have to invest a total of $ 24.6 billion at Nan Fung to secure Kai Tak Commercial Land at a price of $ 12,800 per square foot, which is still the most valuable land in Hong Kong .