MALIBU Cashes 9.16 Billion
In recent years, the Jiucang Department has taken in soil reserves closely, and at the same time, it has introduced new units closely. It can be said that goods are rotating. Wheelock noted at an earlier performance that there will be at least five real estate launches this year and the sales target for this year will be no less than 10 billion yuan. At present, the Group’s 4 rounds of sales at the KLMC MALIBU alone have led the Group to cash out 9.16 billion in the first quarter, which is close to completing the target amount for the whole year. This year it is expected to exceed the target for the completion of the full-year push plan. In addition to the Cannes MALIBU, which is currently being sold, the saleable items include the GRAND OASIS KAI TAK at the beginning of the year, the GRAND MONTEREY at Tseung Kwan O, the GRAND NAPA at Tuen Mun and the Peak project.
Aggressively buying land
At the same time, Wheelock intensively absorbed the earth reserves and was quite aggressive. The latest move was to purchase the Kai Tak site for the HNA Group’s Hong Kong International Construction Co., Ltd. with a total consideration of RMB 6,599.2 million. The land price per floor amounted to RMB 14,950, which was higher than the international construction investment in January last year with a purchase price of RMB 5,559.7 million. 829.5 billion yuan or an appreciation of 15%.
Earlier, the market recorded the conspiracy of the consortium to spend more than 2 billion yuan on the 55 units of the Yundi Building in Happy Valley, with a total of 14 parking spaces, and a basket of properties. The director of the buyer registration company was either Wheelock or the relevant person. .
In November last year, Wheelock Property, together with five consortia such as Sino Land, Shimao Real Estate, K. Wah International and Java Holdings, jointly invested a total of 17.288 billion yuan in the price of a residential land in Xinghua Street, Cheung Sha Wan, becoming the most expensive in history. Residential land, each floor price of 17,501 yuan. At the beginning of this year, the Jiucang of the same department won a residential land of Lung Cheung Road, Kowloon Tong, for a total of approximately 436,401 sq ft. The land price of each floor amounted to 28,531 yuan, creating a new land price per square foot in Kowloon. Historically, residential residences rank third.