17/8/2018-8

The fund will be inserted into the old building of the Tak Tak Street in Causeway Bay. A total of 57.57 million will be purchased for nearly 30% of the ownership or a new version of yoo Residence will be created.

Causeway Bay is a prosperous commercial and shopping district on Hong Kong Island. Some of the old buildings in the district are of great redevelopment value and have become the target of the consortium. After the capital strategy (0497) and Tegent Real Estate (0199) co-developed the boutique luxury house yoo Residence, after selling a full house, the developer will know what it is, and once again cooperate with the yoo Residence, just outside the street, 17 and 17A, Shun Tak Street. The consortium has spent about 57.57 million yuan to acquire 4 houses and 1 shop, accounting for nearly 30% of the property. The market estimates that after the completion of the acquisition, the developer will have the opportunity to build a boutique residence, but it does not rule out the construction of the property. project. Ming Pao reporter

In recent years, land prices have soared. It is more difficult for small and medium-sized developers to replenish their land reserves. As a result, they have changed their strategies to increase their land reserves through the acquisition of old buildings. According to the Land Registry, Shop A, G/F, 17-17A, Shun Tak Street, Causeway Bay changed hands in early July. The shop area was about 1000 square feet. It was purchased by Chong Wan Co., Ltd. for $37 million, equivalent to about $37,000. Including Capital Strategy Executive Director and Chief Financial Officer Zhou Houwen, Executive Director and Chief Operating Officer Jian Shimin, Chairman of Dexiang Real Estate Zhang Hanjie and Executive Director Zhang Zhijie.

The price of land acquisition is high, see 37,000

For the purpose of reviewing the information, the company and the company started to acquire the 17 and 17A Shun Tak Street, which is estimated to be over 50 years old in September 2011 (the existing residential units are about 16 and 2), which were acquired through Export Chance Limited. The 1st floor A room and the 6th floor B room have a purchase price of 4.19 million yuan and 4.38 million yuan respectively, and the price is about 11,000 yuan. At the time, yoo Residence was not yet on sale. In 2013, the company acquired the A and B rooms on the 3rd floor through CREATIVE CRESCENT LIMITED. The purchase price was 6.66 million and 5.34 million yuan respectively. The purchase price was 12,400 yuan. The purchase price was higher than the previous year’s 11,000 yuan. 13%. Last month, the company and the company once again purchased the property’s retail stores, and currently accumulating nearly 30% of the ownership.

The acquisition started 7 years ago is now “other designated uses”

According to the information of the Government, the above-mentioned “Other Specified Uses” of Shun Tak Street, which is intended to be a residential development, is required to be applied to the Town Planning Board and may be approved for use in the presence or absence of conditions. It is reported that the developer has not yet acquired the 80% of the title, so it has not been able to reunite the title by force. Therefore, the specific development direction of the project remains to be implemented.

Jin Chaoyang (0878), one of the landlords of Causeway Bay, is also actively engaged in mergers and acquisitions in the region. According to the Land Registry, Jin Chaoyang has acquired Xiyun Building, 128 to 138 Leighton Road, Causeway Bay since February 2015. It has been actively acquired for more than three years, but the acquisition of the property right is less than 80%, but the pace of acquisition of Jin Chaoyang No slowdown occurred. Last month, it successfully acquired a group of houses, which is a M building on the 4th floor. The usable area is about 475 square meters. The purchase price is 5.3 million yuan, and the actual price is 111,000 yuan.

In fact, Jin Chaoyang’s sales in Causeway Bay in 2012 were ideal, and it is expected to be the cause of Jin Chaoyang’s re-flagping of Causeway Bay.

Industry: Urban property acquisition period is long or encounters resistance

Zhang Shengdian, Director of Enterprise Development Department (valuation and property management) of Pu’er Group, said that the acquisition of urban property is long, and it is believed that it is encountered in the acquisition. However, although the acquisition has to face potential risks, the risk is linked to profit. The greater the risk, the higher the profit. Zhang continued that developers should pay buyer stamp duty (BSD) when they purchase old buildings. Developers must complete the project within 6 years before they can apply for tax refund. In other words, if the acquisition period is more than 6 years, the tax will be passed on as Cost, indirectly increase consortium costs.