20/7/2017-9

Consortium of 510 million yuan to buy Yuen Long farmland warehouse

A consortium of $ 510 million was purchased from two landforms east of Tung Tau Industrial Estate in Yuen Long with an area of ​​145 000 and 98 000 sq ft respectively. The floor price per square foot was about $ 1,940 to $ 2,230 and did not rule out future residential use The

The two sites are about 115 contracts for Yuen Long and lots of lots in Lot 1212. According to the Outline Zoning Plan, the two places are zoned for other designated uses. The larger scale is located near the south of the mountain, located in the west of the mountain village, covers an area of ​​about 145,000 square feet, the current farmland, by the red or nearly 324 million yuan to buy enterprises, the price of about 2,230 yuan per foot.

Expected to build more than 2,400 units

The other is located at the east of the new site (00016), which is about 98,000 square feet and is currently open-air warehouse, which is bought by Ruanhou Investment and Development Co., Ltd. for about 190 million yuan. Foot price of about 1,940 yuan. As the two locations close, and the transaction on the same day, I believe that the two countries are the same group of consortium in the name of different companies to buy.

At present, there is no shortage of residential projects around the two places. It is estimated that the consortium will have the opportunity to apply for the rehousing and replacement of land. With reference to the five-fold increase of the highest plot ratio, it is estimated that there will be a total of about 725,000 and 490,000 square feet of floor space for the two places. A total of 1.21 million square feet of floor space will be provided. Built more than 2,400 units.

In recent years, Hong Kong-invested developers have invested heavily in the purchase of land reserves in private markets. There are a number of projects in the vicinity of the two places, which are planned for the planning of the project, including the Henderson and Ho Chau Island projects built by Henderson (00012) and Fu Lao-Rong family for more than 2,500 flats. There are a number of residential and commercial development projects that do not preclude the purchase of the above two countries by the developers of large projects in the district.