To the king with pull Qi Tak to estimate the price increase
Hong Kong Wen Wei Lok (Reporter Yan Lun Le) Central Meri Road land to more than 23.2 billion yuan record turnover, to stimulate the commercial value of the rise, there are surveyors to increase this week on the cut of Kai Tak 1F District 2 commercial site value. “The estimated project will attract more than a dozen developers, with a floor price of about $ 8,000 to $ 9,000 per square foot, which is 15% higher than the previous estimate of $ 15.2 billion,” said Mr Lam Ho-wen, senior director and appraiser and adviser of the exhibition. To 17.1 billion yuan, the total development cost of more than 25 billion yuan.
Mr Lam said that the United States and Lee Road landed the entire commercial market. Although it could not directly compare Kai Tak with Central, the development prospects and potential of Kowloon CBD2 (Business Core Area 2) were believed to attract both developers and Chinese The As the project investment is large, it is estimated that some of the consortiums will be approved by the consortium. It is expected that the developers will build the land into a comprehensive commercial project and become a new landmark in Kowloon. The long-term rent will be mainly about 4% to 5%.
Valuation of 17.1 billion can be built 191 million square feet
It is understood that the land near the future MTR sand center line Kai Tak Station, the land area of 204,990 square feet, the total floor can be built about 1,912,440 square feet, the highest plot ratio of 9.33 times. Such as the total floor for the development of the hotel can not be more than 161,460 square feet, while the development of shops with a total floor shall not be less than 62,180 square feet. The height of the project building is not high, the eastern position shall not be higher than the Hong Kong main level benchmark of 200 meters, while the west shall not be higher than the Hong Kong main level benchmark of 40 meters.
There are provisions in the charter, requiring developers to develop underground shopping street, the total floor shall not be less than