He Wentian Station Phase 2 Receive 31 Letter of Intent

The government has even pushed a lot of billions of kings, and it still does not hinder the desire of developers to invest. MTR (00066) Ho Man Tin Station Phase 2 received 31 letters of intent, which was better than the first phase of the project, including many Chinese developers such as Longhu Group (00960) and CITIC Pacific.

Recently, the Government has successively launched the landlord with a market value of 10 billion yuan, such as the Wenhui Road on the top of the mountain and the coastal land of the Kai Tak Runway. It has not affected the developer’s desire to bid for the second phase of Ho Man Tin Station. The project received 31 letters of intent yesterday, which was the ideal of 28 letters of intent in the first period.

Emperor: bidding bidding

Although the project market has a valuation of over $10 billion, apart from major local developers such as Cheung Kong (01113) and SHKP (00016), many Chinese consortiums participated, including Longhu, China Overseas (00688) and CITIC Pacific. Wait.

For local small and medium-sized developers, including Emperor (00163), Chuang Shi (00367) and Java (00251), Zhang Siwei, senior property director of Emperor International, said that Ho Man Tin Station Phase 2 is a railway cover and convenient transportation. And it is a luxury residential area with an excellent location. Although the market is currently digesting the negative factors, the factors that have caused the property market to fall sharply have not been seen. The bids will be adjusted according to market conditions in the future.

The Intentional Fellowship Group is in line with expectations. It is estimated that more than a dozen developers will officially enter the bidding. The scale of development will always be large. It is estimated that the consortium will be dominated by large-scale developers with strong strengths, and some consortiums will jointly organize the consortium to share development risks. The funds have not been recovered at all times. It is estimated that some Chinese capital will also be grouped into the standard. The chance of sole proprietorship is not large, and there is no reason to grab the land at a high price. The hilltop Wenhui Road site was also launched at the same time, and developers may have to choose.

In addition, Yao Zhiwei, executive director of the Empire Group, said that the MTR superstructure project was welcomed by the market and had confidence in the defensiveness of the project.

Lin Haowen, senior director and director of valuation and consulting at Knight Frank, said that the number of letters of intent is in line with expectations, but the scale of the project has always been large. It is estimated that more than 10 developers will formally enter the standard, and some developers will form a consortium to share the risks.

The Ho Man Tin Station Phase 2 is located on the southwestern site of the project. The floor area is about 639,000 square feet and is expected to provide 900 to 1,000 people.