The “mosquito-type” in Tuen Mun King Siu Lane was won by CHEUNG Estate for $244 million
The floor price per floor was $6,499, which was slightly higher than the market valuation ceiling of 8%. It was two years higher than the neighboring land price five years ago. Times, after the completion of the project, the price is about 18,000 yuan.
Only 37,000 square feet of Jingxiuli land can be built. Up to 18 tenders were received last Friday
The response is quite ideal. The target is small and medium-sized developers, including Far East Development (00035) and Li New (00488), Emperor International (00163), as well as Chevalier (00025), Garmin (01271), etc. also entered the standard.
The Lands Department announced yesterday that the land was eventually acquired by Jianye Real Estate for 244 million yuan. The floor price per square foot was about 6,499 yuan, slightly higher than the market valuation ceiling of 6,000 yuan.
Zheng Zhirong: Optimistic about the Dawan District in the Northwest New Territories
In contrast, the other residential area in Jingxiu (now the Royal Mid-Levels) was purchased by Xindi (00016) at the end of 2014 at a price of 1.05 billion yuan. The land price per floor was 2,209 yuan, and the land price soared in 5 years. It is nearly twice as high as that of Baoding’s blue land (83.19 million), which was released in October last year, which is 20% lower than the price of 8,188 yuan per trip.
Zheng Zhirong, the investment manager of the Jianye Real Estate Group, said that the Group is optimistic about the development of the Northwest New Territories and the Greater Bay Area, plus the excellent location of the land, the improvement of the traffic network, and the opening of the connecting road between Tuen Mun and Chek Lap Kok. Convenience. The group plans to build the site into a boutique mansion, and the future completion of the unit will enjoy the expansive mountain views.
Knight Frank: Small “on the train” unit
Lin Haowen, executive director of the Company and the head of the valuation and consulting department, pointed out that the land price was slightly higher than its expectation, reflecting that the small and medium-sized developers were “hungry” and urgently needed to replenish the land bank. It also reflected that the developers had confidence in the market in the long run. He estimated that the total investment of the project is expected to be about 450 million to 500 million yuan, which will be dominated by small “on board” units.
DTZ’s Hong Kong Valuation and Advisory Services Executive Director Huang Yibang said that the site size is small, the development cost and risk are not too high, suitable for small and medium-sized development, and the land price is reasonable. He also predicted that the built-up unit will sell for more than 16,000 yuan in the future.
If the construction cost per square foot is about 6,000 yuan, and the land price and 10% water floor are estimated, the total investment is estimated to be about 492 million yuan, and the investment per square foot is about 11.9 million yuan, plus profit and 80% utility rate. It is estimated that the practical price of the sale in the future will be nearly 18,000 yuan, which is 19% higher than the average price of the first batch of the first batch of the Royal Mid-Level II Phase II, which is 19% higher than the nearby Yile Garden and Weijing. The price of gardens, etc., is about 10,000 to 12,000 yuan, which is 50% to 80% higher.