200 units in two fine residential areas in Mong Kok

200 units in two fine residential areas in Mong Kok

In the past 20 years, there will be no supply of new private residential land. In the next year, two small residential sites will be launched with a total value of $1 billion to $1.2 billion. The location of the site in Sheung Wan Street is better. It is estimated that about 230 to 300 can be built. Small unit.

There are quite a few old buildings in the Mong Kok area. In recent years, the Government intends to gradually upgrade the community. The two predecessors of this year have been rezoned by the Government Community. The boundary area between Shek Lei Street and Shanghai Street is relatively large. It was used as a temporary carpark. Covering an area of ​​6,728 square feet, next to the Wanxin Building, the commercial and residential plot ratio is 9 times, and the commercial and residential floor can be nearly 61,000 square feet.

The area is in the shape of a long strip, it is easy to cut, and it is unilateral on both sides. It is beneficial to the design of retail floors such as paving in the future, and there will be more people.

However, according to the Outline Zoning Plan, the site should be provided with no less than about 10,000 square feet of floor space for community facilities with a valuation ranging from $730 million to $850 million.

Another site of the new Reclamation Street and Shanghai Street is divided into two small sites, East and West. It is adjacent to the Shanghai Centre and covers an area of ​​about 2,713 square feet. The building can be built with an area of ​​about 24,000 square feet. The overall valuation is 2.9. It is worth about 340 million yuan, and the valuation of each floor is 12,000 to 14,000 yuan. The total amount of capital involved is small, which is suitable for small and medium-sized consortiums and investors to bid.

The new landfill site is divided into 2 sites and covers an area of ​​2713

The two sites are small in scale and the surrounding projects are developed at a high density. They are surrounded by a number of residential and commercial projects. It is expected that the building will be overlooked in the future, and the adjacent Yanyou Street and Dundas Street are busy retail streets. It is estimated that in the future Affected by noise.

In terms of location, the site is located between Mong Kok and Yau Ma Tei MTR Station. It is close to the bus route and has convenient transportation. There are also shopping malls such as Chong Hing Square and Langham Place.

In recent years, the supply of reconstruction projects is mainly in the area. The second-hand price of SKYPARK, which is relatively new in the old age, is 18,000 to 23,000 yuan. The price of second-hand  of Maihuachenhui near Mong Kok East Station is between 19,000 and 21,000 yuan.

It should be noted that the two places were once removed from the sale of land in the early years because of the judicial review. They are still in the rezoning. However, the revised use of the site has been gazetted and entered the statutory procedure. It is expected to be available in the second half of the year. sell.