22/5/2018-6

Ap Lei Chau Diwang built 6 houses with 2 bungalows

A number of heavyweight land kings were awarded building plans. Longguang Real Estate (03380) and others won the land of Liannan Road, Wangfuzhou, a residential area, and will build 6 tiered houses with two bungalows; and Henderson (00012) The commercial king of Murray Road in Central will build a 35-storey commercial building.

The Buildings Department approved a total of 17 building plans in March, including nine residential and commercial and residential projects and five commercial developments. Among them are several heavyweight landlord projects.

In March last year, Long Guang Real Estate and Kwong King Tai (01813) won a total of RMB 16.86 billion. At that time, it was the most expensive land in Hong Kong. Housing, as well as two 3-storey high-rise houses with a residential floor of 762,000 square feet.

In the first quarter of the private sector, 2826 teams started to work 68% less

In respect of commercial projects, the land of Murray Road Commercial Land, which was acquired by Henderson for $23.28 billion last May, will be built with a 35-storey commercial building and another five-story basement with a total floor area of ​​approximately 465,000 square feet. The developer has been awarded land plots so far that it has been approved for building plans in less than one year.

The construction of private buildings slowed down. In March, only one private residential project was started in the whole city (according to the notice of construction commencement of the building construction project received by the Buildings Department), involving a total of 192 units, which was nearly 75 less than the 760 groups in February. %, the least since the last 21 months.

As for the first quarter of this year, the cumulative number of construction starts was only 2,826, a sharp decrease of 68% compared to 8,904 of the same period last year, which was a new low for the four-year period.

The completion rate of private buildings also slowed down. In March, a total of 6 private property projects were completed, involving 427 gangs, a 13% monthly decrease. In the first quarter, a cumulative total of 1,259 gangs were completed, a 70% drop from the same period last year and a record of nearly 3%. New lows in the same period of the year.