Kai Tak 4 commercial floor nearly 400 million feet

East Kowloon to accelerate the supply of commercial buildings in the next 5 years, of which Kai Tak Development Zone has awarded two large commercial nearly two years, from Nan Fung to 246 billion investment in Hong Kong commercial king, plans to build a 48-storey building The skyscraper, will be the tallest building in the area.

The government is determined to promote the launching of Kowloon East and build Hong Kong’s second commercial core zone. Kai Tak Development Area plays an important role in business development. As many as 22 million square feet of commercial floor space are available in the area, equivalent to the Central Business District Approximately three fourths of the supply of noodles.

Two of the major commercial sites with more than 1 million square feet of floor space have been awarded. With the two commercial and hotel sites under this year’s land sale plan, four sites will provide nearly 4 million square feet of floor space, Supply of future commercial floors in Kowloon.

Lifestyle International (01212) won the first commercial lot in the area at the end of last year. The site is in front of the station square. The building plans were approved in September for the Twin Towers design and the construction of two towers 18 and 18 19 storeys (excluding 4 storeys) Ginza Mansion, with GFA of 1,061,000 sq ft and providing one of the most sought after landmarks in the Region.

Nan Fung will hold a 48-storey commercial building

Nan Fung won this year, Kai Tak 1F District 2 commercial, the price of 24.6 billion yuan for the current land in the territory of the most expensive, near the future Kai Tak River and Sham Shinai Kai Tak Station site area of ​​about 205,000 square feet It is planned to develop into a commercial building with a height of 1 and a height of 2, with 48 storeys (including 4 storeys) in the east, and will be the tallest building in the area.

As for the commercial building on the 14th floor, the two buildings will be used for retail sale from the ground floor to the 8th floor. The two shopping malls will be connected to the shopping arcades and the surrounding property links to Kai Tak Station in the future. The remaining floors are set aside for office buildings, involving more than 1.17 million square feet. Together with a public overpass, the total project floor area is about 1.87 million square feet and will be completed as soon as 2022.

The market value of the remaining two places in the sales floor totaled over 7.8 billion

However, the terms of the lease allow for the construction of about 160,000 square feet of hotels and ancillary facilities. However, the conception of property has not been mentioned yet. I believe developers can apply for conversion in future or in response to market conditions.

In addition, two commercial sites for commercial and hotel use in the sale of land for the current year are located in the former runway area. The total floor area available for construction is about 980,000 square feet. Victoria Harbor is expected to enjoy the harbor view. The estimated square footage per square foot The estimated floor area is about $ 8,000 to $ 10,000. The market capitalization of the two places totals about $ 7.8 billion to $ 9.8 billion. It is believed that the market bidding will be launched as soon as next year, which will speed up the pace of development in the region and further enhance the business climate.