21/2/2018-5

Landscaping in Yuen Long Ping Shek involves more than 110 million

Investor Huang Zhen-han and other related parties, mainly mainland developers, also recently stepped in with the development of the local real estate market. Completion of land exchange agreement with the government at the Ping Shan site in Yuen Long at the end of last year made up for more than $ 110 million. Will be for low-density residential development.

Huang Zhenhan has a lot of investment and trading in Hong Kong’s property market and stock market. In the early years, Huang Zhenhan started to invest in the Mainland, of which Shenzhen Xindu Hotel is one of its investment projects. Property prices in Hong Kong have risen repeatedly over the past few years and were even more brave last year. This prompted Huang to join the ranks of developers. She claimed about 110 million yuan last year to purchase a piece of land at Ping Fa Ping Kwai Road and Ping Pak Lane at Wing Fat House (00287) , And reached a land premium agreement with the government at the end of last year.

The newly approved lot covers an area of ​​about 37700 square feet and the plot ratio of residential dwellings only doubled. Even the basement storey is only five storeys high, with a premium of $ 11097 million and a premium of about $ 2940 per sq ft. Land prices rose to more than 5800 yuan per foot.

However, two residential sites, namely Tai Fook Lui Fai Road and Hip Fu Estate acquired by Hysan, were able to pay a premium of $ 16.8 million to the government earlier for their combined development of facilities such as parking lots and residential clubhouses.

On the other hand, the Tsing Yi commercial and residential site, which was formally tendered by the Government last Thursday, pointed out under the Land Proscription Ordinance that the developer was responsible for the construction of a public transport terminal with a gross floor area of ​​not less than 9009 square feet on the ground. The total floor area When the terminal is completed, the government will pay a maximum of 13.2 million yuan or the actual cost of building a station to the developer. The site was closed on April 6, and the properties to be built in the future and the lowest three floors on the ground (including the traffic terminus) can be used as shopping malls or office buildings.

In addition, Hong Kong’s retail market improved gradually last year. Ling Yuan-ting, Executive Director of Wharf (01997), said Harbor City in Tsim Sha Tsui recorded around 210,000 visitors from the first day of the Lunar New Year, up about 9% year-on-year. Due to the soft Hong Kong dollar , Both to attract tourists spending, local customers are happy shopping, so she is optimistic about the market this year.

Another senior Hong Kong real estate agency rental rental manager Li Dexing also said that Kwai Fong Metropolitan Plaza during the Lunar New Year holiday weekend flow of more than 180,000 passengers, an increase of about 15% over the same period last year, the turnover of shopping malls closer to two to make.

Li Gen Xing, founder of Shenghui Store Fund, a major investment shop, said that it purchased a contract of 12.3 million yuan on the ground floor of Kau Tak House, 38-44 Sun Fong Street, Kwai Chung last week with a continuous tenancy of $ 123 million; Thirty thousand yuan, the current monthly rent of about 27,000 yuan, a return of about 2.6%.