Vanke 249 million won the old property rights of Ho Man Tin. The first April 13 strong application. Chinese capital accounted for at least 4
In recent years, the government has repeatedly launched a bid for 10 billion yuan, which has become a big financial group. Some developers have turned to the old building M&A market. The proportion of Chinese capital in this area has increased significantly. Vanke Real Estate (Hong Kong) (hereinafter referred to as Vanke) has filed eight strong applications last year. The first site, the old building No. 13 to 13A of Ho Man Tin Freedom Road, was consolidated yesterday with a base price of $249.1 million. In addition, the Lands Tribunal has received 13 applications for strong shooting in the first four months of this year. At least 4 cases involved Chinese-funded consortia. The latest one was proposed by Agile Property (03383). It is proposed to force the Quarry Hill Road 2 to 8 in Quarry Bay. No. Civil Service Cooperative Project.
The Lands Tribunal received a total of 39 applications for strong shooting last year. Vanke accounted for 8 of them, accounting for about 20.5% of the total number of applications, including the application of two sites at 9/13A, Ho Man Tin Road, Ho Man Tin, in January last year. The No. 13 to 13A of Freedom Road, which was around 2445, took the lead in the approval of the Lands Tribunal in March this year. Finally, in the absence of an opponent yesterday, Vanke unified its title with a reserve price of 249.1 million yuan.
According to the information, Freeway 13 to 13A is now a 9-storey building. It was completed in 1964 and is about 55 years old. As for the free application of No. 9 to 11A, which covers a total of 4792 square meters, it is still pending completion. After the completion of the acquisition, the two sites are expected to be merged and developed. The total site area is about 7237 square meters, estimated by 9 times the plot ratio. The total floor area is about 65,100 square meters. In addition to the Ho Man Tin project, Vanke applied for strong shooting in six sites at 244-256 Hai Tan Street and 260-276 Old Buildings in Sham Shui Po in December last year, covering a total area of about 18,700 square feet.
Agile Bertrand Hill Road worth 336 million
This year, the Lands Tribunal has received 13 applications for strong auctions, which accounted for the largest number of applications in the same period in the past seven years. At least four cases were submitted by Chinese-funded consortiums, with a ratio of about 30.8%. The applicants were also only Chinese-funded from Vanke last year. This year includes Qingjian International (01240) and China Aoyuan (03883) and the latest application for Agile Property. In recent years, Agile’s civil service cooperative project No. 2-8 of Baijiashan Road has successfully collected 90% of the ownership rights. Only two of the two groups have failed to purchase, so they have applied for a strong shot. The surveyor’s valuation of the project is about 335.74 million yuan.
In addition to the Chinese-funded consortium, the Hong Kong-owned Yonglun Group recently applied for a compulsory auction at Xin’an Building, 20 to 28 Cannon Street, Causeway Bay. The property was completed in 1964, and Yonglun Group holds 95.83% of the title. The remaining three groups have not been successfully purchased. The surveyor valued the entire project at approximately 767.03 million yuan.
Located in the urban area, the silver code is less risky.
As for Henderson Land (00012), which has actively acquired old buildings in recent years, it has submitted three applications for strong auctions this month. The group proposed to conduct compulsory auctions in 2016, 39 and 41 Whampoa Street, Hung Hom Street and 12A to 20 Po Yui Street. The building was given a green light by the Lands Tribunal in March this year. The relevant auction will be held on the 30th of this month with a reserve price of 626 million yuan.
Chen Chaoguo, Managing Director of Valuation and Professional Consultant of Savills, pointed out that in recent years, the scale of the land launched by the government is large, and many of them are located in the New Territories. The development risk is relatively high. Compared with the old building project, Hundreds of millions of yuan (yuan) have to be added, plus the location of the city, the risk is small, enhance the desire of developers to acquire old buildings. For the Chinese-funded consortium to actively apply for a strong shot, I believe that it is related to the Chinese developers to gradually understand the strong shooting process.