The building has repeatedly broken

Tiered commercial buildings swelled sharply, stimulating the consortium to absorb commercial buildings and spin off the sale for profit. It is believed that the commercial housing demolition project will become the investment focus in the second half of the year.

Central Centre puts more than 50% of profits on sale

Since Henderson Land (00012) landed a commercial site in Murray Road in Central at a price of RMB 50,000 per year last year, the commercial market immediately heated up and the price of commercial buildings in the core area was repeatedly broken. This year, 9 Queen’s Road Central in Central and Admiralty The Far Eastern Finance Center broke through in two weeks. At present, the price of the most expensive layered units in the core area has exceeded 60,000 yuan, a significant increase, which has driven the prices of commercial buildings in all districts upward, and the Xiamen-based Xiamen Non-residential property market this year. Among them, the investment climate is the hottest.

Commercial buildings have become the focus of the market. At present, funds are still abundant. Therefore, several consortiums have been ignoring the commercial buildings in the past year. They have joined hands to acquire commercial buildings and then sold them. The most obvious examples are the China-Hong Kong Investor Group consortium including Kingston (01031), Tai Tai, “Cable King” and Chen Bingzhi. They purchased 75% of the ownership rights in the Central for RMB 42.0 billion, and the discount price was approximately RMB 33,000. Investors put their floors on sale, and each floor has an expected price of 48,000 yuan to 55,000 yuan. The investment involved more than 1 billion yuan. If the stock is sold successfully, the profit margin will be more than 50%.

Few commercial buildings in the core area can be purchased. In addition to high prices, the consortium has begun to look for business opportunities in the border areas and non-core areas. For example, the Nanfeng Group has recently spent RMB 8 billion and has completed the construction of the Grand Tower commercial buildings at Ao Teng Plaza in Kwun Tong. About 745,000 sq.ft., the discount price was about 10,000 yuan. It is understood that the new buyer is a consortium of Chinese and Hong Kong investors, including Zhang Songqiao, Chairman of China Land Holdings (01224), Capital Strategy (00497) and Panhai Group (00129). ), etc. It is estimated that the sale will be resold after the transaction.