Hong An buy Whitehead government to build 500 partners

(Hong Kong real estate (01243) to actively expand the territory of Sha Tin Tai Wai area, announced yesterday last month in the second-hand market to buy Ma On Shan Baishi Yao Sha Road government to build about 500, of which the standard unit of the smallest by about 320 square Feet up.

The standard is the finest 320 feet

The site can be built about 387,000 square feet of floor space, in December 2014 by the interior of China’s urban construction and Junhe to more than 2.13 billion yuan won the floor price of 5,517 yuan per square foot. Hongan said it had acquired all the shares in the land and planned to develop bungalows and stratified units involving about 500 guards, but could not disclose the relevant price.

The project aims to provide about 430 standard households, the smallest area from 320 square feet, up to 1,600 square feet, while the characteristics and color complex 57, and built 13 houses, an area of ​​about 2,400 to 4,000 square feet, is expected to 2020 Year completion.

A surveyor estimated that if the reasonable profit projections, the city’s highest market value of 2.906 billion yuan, 7,500 yuan per square foot price, the future sale of real money from about 17,000 yuan. Is expected to change the ground, the book profit of about 780 million yuan, land appreciation of two and a half years 36%.

In addition, Hutchison (00014) took Hong Kong Societe Generale (00480) in November last year to about 3.4 billion yuan to vote in Hong Kong two official land, Hong Kong Industrial said that the Group accounted for 40% of the project interest, Greek care holding 60%, two Plans to develop low-density mansion, is expected to be completed in 2021.