URA Yuanzhou Street Project Receives 37 Letter of Intent

The URA’s redevelopment project at Castle Peak Road / Yuen Shing Street, Sham Shui Po, intercepted 37 letters of intent yesterday. In view of the unstable external environment, some developers are interested in waiting for opportunities to “sell low prices”. 02768) The current atmosphere is a good opportunity to invest in the land.

Jiayuan: Now is a good opportunity to land

The external economy is fluctuating, and Hong Kong’s interest rate is approaching. In the past year, China’s capital has also won the “explosive” residential area in Yutang Road, which has led many newly-funded Chinese-funded consortiums to bid for the Hong Kong. Including China Overseas (00688), Jiayuan International and Ocean Group (03377) have submitted their intentions.

Liang Shi, deputy general manager of Jiayuan International Investment Development Center, said that the group has been looking for development projects in Hong Kong for two years. The oil pond land was approved at the lower limit price. It is now a good opportunity for the group to invest in the land. Supply is in short supply, optimistic about the stable development of the market outlook. The Group’s Mainland strategy is more aggressive. It tends to be prudent and prudent in Hong Kong. It has three cooperation projects with senior investor Deng Chengbo and is also interested in cooperating with other large consortia to develop land.

Liu Yi, an investment manager of Ocean Group, said that the Group’s first letter to the URA project is a long-term optimistic view of the Hong Kong property market and it is worth investing. The site also attracts local developers, including Cheung Kong (01113), which has just won the Wong Chuk Hang Station project, and large developers such as SHKP (00016), New World (00017) and Xinji (00083) have submitted their intentions. Small developers such as Construction (00148) and Security Engineering (01627) also participated.