Xinzhao cited Chinese capital into the city of Cannes.
The property market reappeared the wave of buying, stimulating developers to buy land more actively. On the third day of the 11th issue of MTR (00066) Tseung Kwan O Sunrise Kangcheng, which received 11 tenders on Wednesday, it was opened in one day, and was announced yesterday by Xinhe Real Estate (00083). Hua International (00173) and China Merchants Land (00978) jointly invested in three consortiums of developers who have never been involved in Sunrise Cannes. China Merchants Land has been the third Chinese-funded consortium to win the official tender, the MTR and the Urban Renewal Authority (hereinafter referred to as the One Railway and One Bureau) project in the past five months, reflecting the Chinese capital in Hong Kong. The real estate market is once again active.
Located on the 11th site of the central location of Lok Kwong, it can be built with a floor area of about 956,500 square meters. It consists of 3 buildings and is expected to provide a maximum of 1850 people. The project received 29 letters of intent last month. City record. Although the land premium of each floor of the site is as high as $3,194, the number of phases in the Cannes City is still high, but it still attracts 11 consortiums to compete for the competition, including the “big landowners” Cheung Kong (01113) and SHKP. 00016) and Wheelock Real Estate and so on. The Chinese-funded consortium has China Overseas (00688), China Resources Land (01109), Poly Real Estate (00119) and China Merchants Land Auction, which is the most Chinese participation in each period.
Jiahua China Merchants Land holds 30% each
The 11th land was finally led by Xinzhi, and it was shot by Sky Castle Limited, which was jointly organized by K. Wah International and China Merchants Land. According to the China Merchants Land Notice, Xinjia holds 40% of the project, Jiahua International and China Merchants The local land is 30%.
Huang Yongguang, vice chairman of Xinzhi, is very pleased with the investment in the land. He is looking forward to building a quality residential project with different experience from the new combination of Jiahua and China Merchants Land. Huang Yongguang pointed out that the 11th phase of Sunrise Kangcheng is superior and well-equipped, and will introduce environmentally-friendly architectural features, smart homes and health and fitness facilities.
Although the three developers who won the bid were the first to sign the flag at the sunrise in Cannes, but the letter and Ka Wah had already bid for the first phase of the tender in the first phase of the fall of 2005, and at least 8 of them. The number of periods has been entered, but it has been “returning without success.” After about 14 years, it finally succeeded in entering the city of Sunrise.
In fact, the company bought a lot of land in 2017, and only about 8 months from May to December of that year, it purchased at least 7 plots through official tenders, one iron and one bureau and the private market. The total floor area is about 346. In the year of 2018, only two plots of land were absorbed, with a total floor area of only about 340,000 square feet. In addition, the company has launched a total of 2,527 gangs in Kwun Tong and Tai Po, Pak Shek Kok, Tai Po, since December last year. As of yesterday, more than 1950 hawks were sold and over 22.9 billion yuan were sold. In the case of buying less land, the letter has the need to replenish the land bank.
After the completion of the project, the price will reach 18,000.
According to the information, the total amount of landfills in Hong Kong as of the end of last year was about 15.5 million square feet, of which about 4.8 million were development properties and about 600,000 square meters were completed. For the property that can be sold, there are about 10.1 million square meters for investment properties and hotels.
As for the first time, the Group has invested in the MTR property project. From November 2016 to May 2017, the Group has partnered at least three times to shoot other developers to bid for the land surface of Kowloon East Kai Tak, but it has not won the bid.
In recent months, the attitude of buying land in China has become more active. Taking the official bidding as an example, China Overseas invested about 8.034 billion yuan in December last year to purchase residential land in Area 4B of Kai Tak Runway Area, and then in March this year. Take New World (00017), etc., and get the adjacent residential site No. 1 of Kai Tak 4B District for 9.893 billion yuan.
Mr. Zhang Shengdian, executive director of the Pu’er and director of corporate development (valuation and property management), believes that the winning bidding consortium is “fresh” and is expected to bring a new look to the district. It is estimated that after the development of the residential project, the sale will be carried out. The price of the price is about 17,000 to 18,000 yuan.
Sunrise Kangcheng has always been a Hong Kong-funded consortium. Only the sixth phase of LP6, after Nanfeng invested in January 2015, introduced the development of Sino-Ocean Land (03377). After more than four years, there will be Chinese-funded companies. Out of the city. For the development of the Sunrise Kangcheng project with Sino-Hong Kong cooperation, Zhang Qiaochu, managing director of Yanliang Consulting and Evaluation, said that it is more desirable to be responsible for Hong Kong’s pricing and sales strategies in the future.