Sheung Shui “mosquito-type land” cut-off this valuation differences

Xinle Street, Sheung Shui The “mosquito-shaped land” has been closed for auction today. The project is small-scale in size and is expected to attract small and medium-sized developers and investors. The market valuation is highly divergent with the valuation ranging from $ 37.29 to $ 74.58 million. Surface price of 4,000 to 8,000 yuan.

With a land area of just 2,164 square feet, the site has a total area of 9,322 square feet for residential development. Zhang Jingda, an executive director of Zhongyuan Surveyors, said that the land area is small and the practical rate is not high. The estimated land value is only 37.29 million yuan and the floor price is about 4,000 yuan.

However, Lin Zibin, a director of Midland Surveyors, said that the landmark shopping centers and MTR stations in the vicinity of the land area are estimated to be worth about $ 74.58 million and the floor premium of $ 8,000.