Hing Wah Street West Hotel to receive 10 bids

Hing Wah Street, Cheung Sha Wan West out of the hotel on the ground closed on Friday, received a total of 10 tender, no trace of the Chinese consortia, mainly by the local developers compete.

The site is adjacent to the Cheung Sha Wan Wholesale Food Market with an area of ​​about 52,500 square feet and a gross floor area of ​​about 374,300 square feet. Cheung Kong (01113), Shindi (00016), Hengdi (00012) , Regal Hotels (00078), Far East (00035), Jian Hao Properties and Huada Hotel Group (00201) all have the bidding targets, while Beijing Capital Partners Panhai (00129) consortium bidding.

Lin Zixin, a director of Midland Surveyors, said that the site boasts a harbor view of Victoria Harbor. However, the location is not within the traditional tourist areas and commercial areas. Coupled with the pressure on the hotel industry in recent years, the tender response has been considered quite satisfactory.

The industry valued the site at about $ 2,246 to $ 3,743 million with land prices of about $ 6,000 to $ 10,000 per square foot.

Xintiandi, deputy managing director of Thunder said the group wholly-owned tender bid hotel, and more explicitly is actively involved in bidding adjoining residential land.

Zhu Baolin, general manager of Far East Development Department of Real Estate Development, said land transport is convenient and enjoys the view of the sea. It will also consider entering the adjacent residential land.

Adjacent to the hotel grounds Hing Wah Street West out of residential land, will be closed on the 10th of next month, can be built a total floor of about 98.8 million square feet, is expected to be tens of billions to the king.