In October, the land premium reached a record high of 43.3 billion
Developers actively increased their land premiums by land premium. In October, the monthly land premium amounting to 19.79 billion yuan was the highest since the record was recorded in a single month. In the first 10 months of this year, the land premium amount was 432.8 billion yuan, new highs.
Information from the Lands Department shows that the land premium income reached 19.792 billion yuan in October. Among which, the land rental of the New Land (00016) was 15.89 billion yuan for the project of Shizu Township in Sai Kung. The amount of land premium was the largest single premium item in Hong Kong.
The land area for Shisha Rural covers an area of about 6,708,500 square feet with a total development area of 4,977,000 square feet. Excluding about 190,000 square feet of recreational facilities, the premium per square foot is 3,319 yuan. Many years ago, the land has been approved for the construction of 46 sub-floors and 30 bungalows, which are expected to provide about 4,700 units.
According to Xindi, Shusi Township project has a reasonable premium and a high project complexity. It needs to invest a lot of resources to develop its infrastructure. It is estimated that the total development period will be over 8 years and the location of the land will be superior. Upon completion, it will be the target property .
Au Co-rou Street completed the premium of 3.58 billion
In addition, Nakasu Holdings (00042) completed the premium for the Au Pui Wan Street project in Fo Tan for a consideration of $ 3.58 billion. The site covers an area of about 216,000 square feet and costs about 907,000 square feet of usable building floor area for about 3,950 square feet. The developer is applying for the redevelopment of 4 residential projects with about 1,296 units.
In addition, the project of Chai Wan Chai Wan Kok held by Star Properties (01560) completed the premium of HK $ 280 million for the development of commercial buildings with a gross floor area of about 155,000 square feet and a premium of about $ 1,807 per square foot.
Last month, a number of large-scale projects were completed to make up land premiums. As a result, land premiums in the first 10 months of this year were pushed up to 43.28 billion yuan, up nearly 7 times year on year to 5.42 billion yuan in the same period of last year. This figure exceeded 291.4 in 2015 100 million yuan to make up the highest price record.
It is learned that at present, there are some developers who are willing to negotiate the implementation of premium payment before the end of the year. It is estimated that the annual premium will be up to 50 billion yuan.