Central District 6 commercial material to speed up to 458 million feet of floor
The Central Business District is in short supply. With the commercial sale of Central Merida Road, it is expected that the Government will speed up six commercial sites in the planning area to provide a total of 4.578 million sq ft of floor to meet the market demand for commercial land.
China’s first commercial land in the past 20 years, the former Murray Road multi-storey parking lot landed last week to 23.28 billion yuan by the Henderson (00012) cast, per square foot price of 50,000 yuan, regardless of the silver code or the price per square Hong Kong land prices higher. The market believes that the reason why land prices are high, mainly with the district to provide a rare commercial, to attract developers willing to denounce high prices, but also reflects the Central Class A commercial market price.
Gold bell Gallery east to change business will build a building
As the market for the core area of commercial demand, is expected to speed up the planning of Central, Central District 6 commercial land, will soon launch the land, providing 4.578 million square feet of floor.
Among the six sites, the Golden Bell Gallery project is expected to be launched soon. The Golden Bell Gallery has been in operation for more than 30 years and is now the main venue for shopping malls and the interchange of Admiralty. Last year, the Government has redeveloped the “commercial” use of “road” and “recreation” on the east side of the Golden Bell Gallery and will be reconstructed into a 48-storey Grade A commercial building with a total of 7 floors for retail and meals Rice use, the floor up to 100.4 million square feet.
As for the West site is connected to Lippo Center and the Far East financial center and other land, floor area of about 25,800 square feet, will be retained as a flow of people and refurbished.
Central Beach, the two sides of the business
As the Golden Bell Gallery as early as 2012 by Lane Crawford (Hong Kong) lease, long lease period of 7 years, it is necessary to be completed after the lease to start the reconstruction plan, the fastest land after 2019 push. Land valuation per square foot floor price of about 27,000 to 30,000 yuan, the total valuation of 27.12 billion to 30.1 billion yuan, or into the new king.
In addition, the Central New Waterfront 3A and 3B, which is located at Central Beach, adjacent to State Level 2 (IFC 2), will be released for commercial use in phases after completion of the Central Wan Chai Bypass. The two sites cover an area of 522,400 square feet, belonging to the “Comprehensive Development Area”, which is intended for office and retail use and can provide 1,164,600 square feet of commercial floor.
The land will be divided into two phases of development. The first phase is Grade 3A, which is expected to be launched soon. The land in the south, including the General Post Office and the Star Ferry Parking Lot, will be redeployed only after the post office Can be introduced, it is estimated that the fastest to be 4 to 5 years later.
In addition, following the Murray Road multi-storey car park, the Government also plans to vacate the Luan Lok Street multi-storey car park and the bus terminus of the Hong Kong Road for commercial development. The two sites together provide up to 11.9 million square feet of commercial floor.