Kai Tak commercial appreciation potential beyond the house

On the eve of the twentieth anniversary of the reunification of Hong Kong, Nan Fung took off $ 45.6 billion to commemorate the record of the most valuable land in Hong Kong. Group Managing Director Cai Hongxing that Kai Tak commercial appreciation potential can go beyond the residential, and low interest rates and low unemployment will support the Hong Kong Tower.

Kai Tak supporting Qi high price reasonable

He was involved in Chek Lap Kok airport construction in his early years. Tsai Hing-hong and the “Airport” seemed to be marginalized. For the group to 24.6 billion yuan to win the most expensive land in the country, Cai Hongxing interview with this newspaper, said the people of Hong Kong will not be unfamiliar to Kai Tak, as the old airport, the nearby community has developed, the government over the years actively planning and put new Supporting facilities, success can be described as with the “days of land and people.”

Is the winning bidder to build the floor up to 1.9 million square feet, creating a large sum, breaking the calendar year, but the floor price of only about 12,900 yuan, and Central Murray Road is still some distance, he believes, For the area, the price is reasonable.

Sand center line planning to attract professionals to live

On the other hand, the Government has gradually formed in the Kai Tak plan. After the opening of the sandline in 2022, the traffic is more convenient and can attract more high-quality and professional skills. Continuation, the potential to see the high line. The land will be developed into a mix of office buildings, shopping malls and specialty landmarks.

He said that Hong Kong is an open international city and many national consortia are expected to enter. It is expected that the rise of commercial buildings in Hong Kong is expected to be higher than that of residential properties. At present, the supply of land in Hong Kong is “behind”, and the tender offer will attract as many as 30 to 40 consortia Competition is a reflection of confidence in Hong Kong’s prospects and that Hong Kong is still a good business city in the future.

Looking back 97 years of the Blue Bay Peninsula to record the territory of the territory after the record, the same year the financial turmoil, time flies, and then land to break the myth of land prices, the market worries whether to knock the explosion of the alarm?

Cai Hongxing said that real estate business is not speculation, but long-term investment, will consider whether the region’s long-term growth is a positive growth before investment, especially in China’s economic growth forecast of 6% to 7%, Hong Kong will also face the positive development The

As compared with the current property market, the current mortgage rate in Hong Kong is very different from that in 1997. At that time, there were double digits (10 to 11 per cent), while the United States started to raise interest rates, , The local interest rate is below 5%.

Secondly, there is almost universal employment in Hong Kong. The public has an artificial increase and the overall economic tone is better than before.

In addition, the Bank has assisted the Government in monitoring the property market, with tightening of financing and mortgages, etc., and the system surplus is sufficient. The proportion of the public mortgage loan ratio is only 50%. If the property market is reversed in the future, there will be sufficient seismic capacity to promote the long- up.