Heng Fanling Ma Shipu projects more than 2.5 billion
In the Northeast New Territories, the second premium was granted. The premium of Ma On Pin (00012) of Pink Ridge in Hengdian (00012) was 2.53 billion yuan. The floor price per square foot was about 4,151 yuan, which was higher than that of Fanling residential land in 2010. 7% increase 7%, expected to be the most expensive land premium case in the New Territories.
7 years land premium 7 into the North New Zealand’s most expensive
In 2014, the government developed the first phase of the Northeast New Territories and accepted the developers in the area to apply for land exchange. The Hengdian, which holds a large amount of agricultural land in the area, Appropriate road projects reached 2.53 billion yuan land premium.
The project is located in Ma Shi Po and is separated from Luk Fai Hin by a Macarthur Road covering an area of about 174,000 square feet and will be used for private residential development. The premium for the site is about $ 2.53 billion, based on a usable gross floor area of about 609,800 square feet. The premium per square foot is about $ 4,151, which is the most expensive premium for North New Territories.
A comparison of Yat-Fung’s land located southeast of the land, which belongs to the Hong Kong Ferry (00050) with the same ownership, was conducted at a government-run auction of $ 1.33 billion in 2010 with a land price of $ 2,414 per square foot. In the 7 years rose 72%. However, compared with the same site (00083), the same area and land lot (currently Lao Yi) was awarded in 2014, the land price per square foot was 3,478 yuan, an increase of about 20% in three years.
Offer 1200 to the market after 4 years
The land is the first project in the northern area of Fanling to fulfill the premium. It is believed that there are still three horses in Hong Kong that Hengde New World (00017) and other developers will later make available for compensating land prices for other agricultural land in Ma Shi Po Shit Po site to apply for premium, involving about 3.48 million square feet floor.
Lam Hau Man, a senior director of Valiant and a director of valuation and consulting, believes that the amount of land premium is a win-win situation for both developers and the government. It is estimated that the project will be launched in the market after 3-4 years at the earliest. It is estimated that after the project is completed, it can sell 17,000 yuan per square foot .
According to the plan submitted by the developer for the project application, there will be four 16- to 21-storey residential developments on the site. The market is estimated to be around 1,200 and is expected to be completed by 2023. The developer, on the other hand, is responsible for constructing a footbridge to connect the neighboring estates and open 24 hours for public use.
This is also the second hectare land rezoning project in northeastern New Territories. Together with the earlier land premium for the project in Kwu Tung North, the total premium of the two projects now stands at 3.77 billion yuan, amounting to nearly 1 million square feet of floor space. Can provide 1,700 to 1,800 gangs. In the first phase of the North East New Territories, only two applications for land exchange were received from the above hearses. As a result, the site exchange for the first phase of the Northeast New Territories was also completed.