Low Water Funds for Kwai Chung Commercial Property
The recent increase in the turnover of commercial and industrial properties in Kwai Chung District recorded a significant increase in the number of commercial buildings in the entire building. Due to the relatively low water price of commercial and industrial properties in Kwai Chung District, capital inflows have been attracted.
Property transactions in the Kwai Chung District accelerated, especially in the industrial building market. Investors bought and delivered industrial buildings during the year. At the beginning of the year, Hing Shing established the entire building of the Kwai Chung Success Centre. The property is located at No.26 to No.38 Dachaiping Street. It is 29-storey high and has a gross floor area of approximately 240,485 square feet with a total investment of 1.038 billion yuan. About 4,316 yuan.
Xingsheng PAG Industrial Building Profits
Xingsheng partnered with PAG, a foreign-funded fund, and purchased the industrial building at a cost of RMB 800 million at the beginning of this year. Today, it holds less than one year and profits over RMB 238 million. The buyer is Pu Wang Deng Chengbo. Two weeks ago, Neifang Jiayuan was disqualified. Billion, purchased 3 property interests from Deng Chengbo, namely Jing Tu Residence Project in Tuen Mun, Xin He Li Industrial Building and Kwai Chung Success Center Complete Building, involving a 70.1% stake in 3 projects, while Deng Chengbo still retained 29.9% Equities, but the second wave of tertiary goods profit.
The Kwai Chung Kwong Fung Sik Suk Kwai Estate has been relocated throughout the whole building in the second floor. The property is located at No. 11 to 15 Wing Yip Street, Kwai Chung. The building is 13 storeys high. The underground and low-rise grounds are cold storage and parking lots. The 1st to 13th floors are warehouses with an area of about 2 per floor. With an area of 30,000 square feet and a total floor area of 293,850 square feet, it is now leased by a single tenant for warehouse use. The project was sold for about RMB 1.6 billion and the price was RMB 5,517.
First Group Purchase Dalian Pai Road
According to reports, the original owner was an investor. In 2009, he purchased 3.9 billion yuan from foreign funds. He held the stock for 9 years, and he made a profit of approximately 1.21 billion yuan. The new buyer is Pu Wang Deng Chengbo.
As regards the new commercial buildings in the same district, the First Group was awarded a commercial site in Dalian at RM7.59 billion in 2016. The project has a total GFA of approximately 123,508 square feet and a floor price of approximately RMB 6,145 per square foot. It has been the highest price in the New Territories commercial area.
The group named the project “K83” and was officially launched last month. The project is 22-storey with a total of 114 units. Last month, the first price list involved 64 groups, and the selling price ranged from 10.70 to 19.9854 million yuan. And so on, 63 groups were sold last week, and about 980 million yuan was cashed out, including two large-handed sales. Among them, the largest buyer bought 6 people in the entire building, involving about 105 million yuan, and about 65% of the first-round buyers were local buyers. At home, the remaining 35% are overseas buyers, and 6 adults buy long-term investments. Thanks to the good sales, the developers recently pushed 17 more, with an area ranging from 814 to 1,733 square feet. The price ranged from approximately RMB 10.99 million to 21.49 million, and the price was approximately RMB 111,000 to RMB 13.70.
The analysis pointed out that at present, the prices of commercial buildings in core commercial areas have increased significantly. In contrast, the price of commercial buildings in Kwai Chung district is about 10,000 yuan, while the price of industrial buildings in the district is about 4,000 yuan, which is relatively low water, so it attracts capital inflows. As the market funds are still abundant, and the price of industrial buildings is low, coupled with the concept of government reactivation, it is believed that the industrial buildings in Kwai Chung District will be one of the investment focuses.