Two months to sweep two 8.9 billion to buy opposite residential areas
The runway area of the Kowloon East Kai Tak Development Area was eventually sold at commercial and hotel sites. Gao Yin Finance (00530) spent more than $11.1 billion to win the land. In the past six months, the company has successively purchased a residential site in the runway area, as well as the commercial and hotel sites won this time, involving a total of over 20 billion yuan.
In the Kai Tak Runway area, regardless of residential plots or commercial and hotel sites, the total investment is over 10 billion yuan, and there are still no residential projects launched by Gao Yin Finance and related parties. The flag is inserted in the area. Currently, two land plots are wholly owned in the runway area, which can be described as the landlord in the runway area.
In mid-November last year, Chairman of the Board of Directors of Gaoyin Group, Pan Sutong, partnered with Gao Yin Financial, a listed company, to successfully acquire a residential land of No. 4 (No. 4B4 land) in Area 4B of Kai Tak Runway Area, successfully repelling the hot new The world (00017), Wheelock Real Estate, Henderson Land (00012) and the Empire Group, as well as large developers such as Cheung Kong (01113) and SHKP (00016), first encountered the Kai Tak District. Gao Yin Finance subsequently acquired a 40% interest in the land from Pan Sutong for 2.162 billion yuan and became wholly-owned.
Yesterday, Gaoyin Finance also invested 111.24 billion yuan to invest in the 4th District 4C District No. 4 commercial and hotel land, and used about 200.31 billion yuan to sweep two plots within six months.
The Gaoyin Group and related parties have successively voted for the land in the past. In 2016, Gao Yin Financial led the consortium to win two residential plots of Ho Man Tin, including a total of 6.381 billion yuan to win the Changsheng Street residential land and the winning MTR (00066) In the first phase of the Ho Man Tin Station Property Development Project, Gao Yin Finance sold the rights held by the two projects to Pansutong, the major shareholder, for more than RMB 12.4 billion in April last year.