The runway area is estimated at 175.4 billion.

This time, Kai Tak was awarded with a high price of 25.16 billion yuan. It has played an important role in the district’s leather goods. This year’s land sales table has incorporated 9 residential strips in the runway area, all of which enjoy open sea views. The land price per floor has been raised to 26,000 yuan. The total value is as high as 175.4 billion yuan.

In recent years, the land price of residential land in the city of Kai Tak has continued to increase. The land No. 1 in the 1F area approved this time was the last residential land in the previous financial year. The transaction price was as high as 25.16 billion yuan, and the floor price of the land was approximately 17800 yuan per square foot. The height limit of the land building is 150 meters above the benchmark level. Due to the development of several residential projects in front, it is estimated that the future high-rises of the land can expect seascapes.

Enjoy the open sea view with 9000 guests

Kai Tak is one of the major supply towns. There are altogether 9 sites for residential use on the land for sale in the current year. Both are located on the runway area. It is expected that the seascape landscape will be more open and the land area will range from 97,000 to 197,000 square feet. The total number of buildings that can be built is about 6.747 million square feet, which is estimated to provide about 9,000 people.

Lin Haowen, Senior Director and Valuation and Consulting Department of Knight Frank, said that the No. 1 plot in No. 1F was the most expensive in Hong Kong, driving the value of land and property in the same district, and raising the valuation of residential land on the runway by 15%. It ranges from 22,000 to 26,000 yuan, and will be sold at a price of 38,000 yuan or more in the future.

4A District No. 2 Organic Challenge King

Based on a total of approximately 6.747 million square feet of total floor space for nine residential buildings in Kai Tak, total land value is expected to reach between RMB144.4 billion and RMB175.4 billion.

With the largest scale of land in Area 4A and No. 2, the building can have a floor area of ​​about 1,083,000 square feet and the latest market value is about 23.83 billion to 28.16 billion yuan, which is expected to challenge the record of the land price in the area and the territory.