Kai Tak residential land extended to tomorrow’s closing

In response to the public channel of the government headquarters being blocked due to early demonstration activities, for the sake of fairness, the residential land in Area 4C of Kai Tak Runway Area has been delayed. The Central Tender Board announced yesterday that the site will be subject to a tender closing at noon this Friday (21st). The Commission reminded the bidder to use the staff entrance on the second floor of the East Wing of the Sovereign, or to place the tender in accordance with other directions as directed by security personnel. Located in the tender box on the east wing of the East Wing.

The Kai Tak residential site of the tender is the site of No. 6553 in the New Kowloon Inland Lot. The site area is about 102,000 square feet and the maximum floor area is 714,000 square feet. The site is designated for non-industrial use. The land was originally ordered to be closed on Friday. Prior to this, Gao Yin Financial suddenly announced the abandonment of Kai Tak commercial land. The market once speculated whether the delayed closure of the residential site was related to this. However, the opinions of several surveyors indicate that Gao Yin’s abandonment of the label is an individual incident, and commercial land and residential land cannot be confused.

The land is expected to challenge the throne of the king

Mr. Cheung Kwong Tat, a surveyor of the Central Plains, believes that the high-selling event and another Kai Tak commercial site have little impact on residential developments. As the demand for property purchases is still huge, it is believed that the developers will actively bid for residential sites. This year’s Kai Tak residential area is a “front row” of the runway area. It enjoys the opening of the Victoria Harbour and has a great development potential. Therefore, he maintains a land price of 20,000 yuan per floor of the site, with a total land price of about 14.28 billion yuan. After the land of No. 2 in the 4C area, he challenged Kai Tak over a billion-dollar throne.

This time, the valuation of the land was not lowered due to the delay of the tender. According to the comprehensive market forecast, the total land price of the land is between 12.5 billion and nearly 14.3 billion yuan, equivalent to 17,000 to 20,000 yuan per land.