Rush to fill the land from the beginning of the first seven months to break the development of 10 million developers to use the soil storage of capital
In recent years, Hong Kong has relied on land sales and has accelerated the introduction of the MTR project to catch up with the supply of land. However, with the changes in the market environment, the authorities have adjusted the strategy. The newspaper found that excluding the MTR project, the first seven months of this year, involving residential units supply land premium case, significantly increased, it is estimated that at least five thousand units, involving land premium amount of more than 10 billion yuan. Hong Kong government estimates that the Chinese consortium frequently comes to “grab land”, prompting developers to change their jobs, willing to use their own land reserve housing development housing. The Government has earlier responded to the changes and agreed that the MTR five projects postponed the tender to ensure that the land supply in Hong Kong was up to standard.
In response to the increase in the supply of the property market, the original plan to launch eight projects this year, the tender of the MTR, previously changed to temporarily put forward only three projects tender, involving potential supply units from more than 8,100, dropped to about three thousand , So many market people feel surprised.
MTR delayed the project supply
Hong Kong government sources told the newspaper that this has been associated with a substantial increase in land premium cases involving residential land in the first half of this year. This has given great opportunity to reach the target of 18,000 private residential flats in this financial year. Agreed that the MTR would delay the introduction of some of the original projects for the tender. It would like to ensure that there will be a long period of time in Hong Kong that there will be a steady and stable supply of land to meet the target of supply of private residential units throughout the year.
According to the internal analysis of the Government, there are two major reasons for the significant increase in land premium cases. The source said that most of the land sold in the first half of this year was invested by the Chinese group at a high price. This would allow Hong Kong developers who wish to continue their construction to use their own land reserves. During this period, The divergence of the developers’ premiums seems to be slightly narrowed, so that some of the land premium cases will be completed for a long time and the land available for sale will be released.
Together with the Hong Kong Railway amounted to 24.2 billion yuan
As early as the July election, the Government has announced that the supply of private housing in the first two quarters of this year will be about 16,100 units, which is close to 90% of the annual target, of which as many as 11,000 are from private Reconstruction or other development projects. According to information released by the Hong Kong Government, the amount of land premiums in the first seven months of this year, together with MTRC, has increased by 2.7% over the same period of the same period. It is expected that this year’s total premium income is expected to exceed 10 years The
According to the recent estimates of land premiums released by the Lands Department, there are already 12 cases of land premium cases related to residential supply this year, even if the MTR project, which has always been supplied to the “big” Thirteen billion yuan, providing more than five thousand units. Among them, Xintai previously completed the Tuen Mun District 54 project in Tuen Mun for more than $ 6.5 billion. For the past six years, the largest private subsidy project was more than the first seven months of last year The market is also estimated that the site can be built up to three thousand five hundred units.
Developers for more than five thousand units
The developer of the Real Estate Construction Association said that the developers are very willing to discuss the land premium with the Government. However, the procedures have been relatively long and complicated. The level of the premium set by the Government is often higher than that of the market. Therefore, “We believe that the two sides are willing to take a step forward from the recent increase in the number of successful cases.”
He pointed out that since the developers who hold the land itself are already owners, it is only one of the procedures to change the land use. The negotiating object is only the government. The situation is relatively simple. If the land is a public auction, Often to consider the number of competitors on the market, as well as the price of the opponent’s plan, “so the sale of land to consider the additional market conditions, which is how many people compete with you.”
Professor Xu Zhiwen, a professor of architecture and real estate at the University of Science and Technology, said that in recent years, more Chinese-funded groups have come to Hong Kong to invest and indirectly “forcing” Hong Kong developers to use their own land reserve housing projects, which are estimated to involve private redevelopment projects or farmland alterations, “It is also reasonable that the new railway project is not yet in place due to the small number of railway projects left by the MTRC, and the rate of launching residential projects is also reasonable.” But he said that the supply of housing in Hong Kong is still tight, especially in the supply of public housing The goal is still some distance, the Government should not slow down the pace of making land.