Hengdi 418 million unified stone Yiwei old building property rights

Hengdi (00012) Shijiaowei old building M&A project is gradually seeing results. Last year, the project price of No. 21 to 27 of Bayu Street was unified at a reserve price of 418 million yuan. The transaction price was 8,784 yuan, which will be merged into neighboring countries. More than 400,000 large-scale projects on the floor.

Price 8784 is intended to be the main force to build small and medium-sized households

The old building at 21st to 27th Street, Shek Kip Mei Street was awarded a compulsory auction order by the court. Henderson, holding the No. 1 card, succeeded in unifying the entire title of the project with a reserve price of 418 million yuan. The old building is now a four-storey four-storey building. The ground floor is a retail shop and is zoned “Residential (Group A) 7”. The site area is about 5,287.5 square feet.

If the redevelopment is for commercial and residential development, the maximum plot ratio will be 9 times. It is estimated that the maximum floor can be built is about 47,587.5 square feet. The transaction price is 418 million yuan, and the price per square foot is about 8,784 yuan.

Hwanda’s executive director, Mr. Huang Haoming, said that the project is planned to be merged with other acquisition sites such as Yaodong Street and Nanchang Street, and it is estimated that the building capacity can be increased to more than 400,000 square feet. Construction of small and medium-sized units.

If the average size of each unit is about 500 square feet, it is expected that the large site will provide more than 800 units in the future, which is a large-scale project in the region for the next few years.

Huang Haoming continued, the department and the Shengwei and Yautangwan projects are actively negotiating with the government to develop land premiums. It is hoped that the Yautang Bay project will complete the land premium agreement as soon as next year.