Kai Tak residential land clearing tender development developer seeks
Kai Tak will push the full-scale Hong Kong residential area, and the No. 2 area of Area 4C will be closed tomorrow (3rd). Some surveyors estimate that large developers who have already invested in the land have the opportunity to return to the next city to achieve synergy between the two sites.
The landscape is “nothing to look at again”
The site covers an area of over 100,000 square feet and can be built with a floor area of about 642,000 square feet. It can be used for development purposes such as private residences. It is adjacent to Xindi (00016) at the beginning of this year at a price of 17,000 yuan per square foot. In the residential area No. 3, there are surveyors who describe the landscape as “there is no way to go.”
Lin Haowen, executive director of the Laifang Executive Director, Valuation and Consulting Department, said that the only shortcoming of the land landscape is that the commercial and transportation facilities in the district are still insufficient and time is needed. Although the whole Kai Tak is called the second core business district (CBD2), Kai Tak is built on many projects, and the future is a large site. Therefore, if the whole district is to be formed, it will take 8 to 10 years.
Lin Haowen continued to estimate that the price of land for floor coverings ranged from RMB 16,500 to RMB 17,500. It is already a billion-dollar king. If there is a project developer in the same district, the bid may be higher, because there will always be synergies.
synergy bid or aggressive
However, due to the large total investment of the project, the estimated amount involved is about 17 billion to 20 billion yuan, and the surveyor expects that the developer’s final bid will not be too exaggerated.
At present, Kai Tak is a large-scale development area. Apart from providing a large number of private buildings and public housing, it will also provide more than 20 million commercial and hotel floors and three sports venues in the sports districts. The runway area is located in the Kai Tak Development Area. At the end, the location is relatively remote. Apart from the cruise terminal, most of the commercial and supporting measures are currently under construction, and the supporting facilities are still immature.