Tai Tam Road Residential Sale 3.8 billion

Developers are robbing land reserves at a high price, so that the traditional luxury residential development value project has a market value, and small property owners take the opportunity to sell. Two residential buildings on 29-31 Tai Tam Road, Southern District, have collected all the right-of-sale tenders with an intent price of 37.8 billion yuan. The closing date was August 29.

There are now 28 full sea view units at 29-31 Tai Tam Road.

Can build more than 58,000 square feet of floor space

Jones Lang LaSalle said that the above project was completed in 1975. It covers an area of ​​41,500 sq ft. It is now a two-storey seven-storey residential building providing 28 full sea view units. As the property consists of two connected sections, the development model is more flexible, such as the hybrid development of bungalows and strata units.

If the plot ratio is to be rebuilt at 0.99, two independent house-buildings can be built with gardens, swimming pools and private car lanes. The building area can be 37,350 square feet, based on the intention price and the floor price. About 101,000 yuan; the other can be developed at a rate of 1 to 4 times the plot ratio, the construction of two houses, each with an area of ​​7,000 to 9,000 square feet, with a buildable area of ​​approximately 57,100 square feet. About 65,000 yuan.

As a matter of fact, in recent years, transactions of huge luxury residential projects have been recorded from time to time. Two low-density residential buildings on the 39th Shou Shan Chung Road held in Southern District were closed by the end of April this year. The city pass was approximately 60 percent by China Resources Group or related parties. With the purchase of 100 million yuan, the largest residential transaction in the private market in Hong Kong has always been made, with a floor price of about 87,000 yuan. In addition, Ho Tung Garden, which is located at 75 Peak Road, sold $5.1 billion at the end of 2014.