Land sales revenue in the first three quarters was 46.3 billion, down 56%

Earlier, a number of large-scale residential development projects completed land premiums. The government increased the amount of land sold in the past few quarters in response to the surge in land supply, but the side effect was the rapid insertion of land price gains. In the first three quarters of this year, the number of land promotion was very small. The land price income was reduced by 56% year-on-year to about 46.351 billion yuan.

The No. 1 residential area in Kai Tak’s No. 1 F (Arrow) was awarded at a record price in May. (data picture)

Kai Tak Land King sold 25.1 billion

According to the statistics of this newspaper, only 7 plots of land have been approved in Hong Kong since the beginning of the year. The number of active land sales has been the lowest in the same period in the past nine years. Only 5 of them are residential plots. During the period, the accumulated land revenue decreased by more than RMB 58.9 billion compared with the same period of last year of RMB 105.563 billion.

During the period, the income was mainly from the land king. The residential area of ​​No. 1 site in Kai Tak District 1F was approved in May with a maximum price of 25.161 billion yuan in the history of land sales, accounting for more than half of the land price income this year.

During the period, there was another tens of billions of land. The site was situated at the junction of Lung Cheung Road and Lion Rock Tunnel Road, Kowloon Tong. The land price was 12.451 billion yuan. The price of each floor was 28,531 yuan, setting a new indicator for the price of the Kowloon area. .

Statistics on land sales in the first three quarters

However, the market expects that the revenue from land sales will remain optimistic throughout the year. The reason is that developers have less use of land premiums in recent months. Therefore, the Government will speed up the land launch again in the next quarter. Five residential plots will be approved in succession. Part of it is more eye-catching.

Wenhui Road on the Peak is estimated to be 24.2 billion

At the top of the mansions of No. 2 to 11 Wenhui Road, the total floor area increased to more than 404,000 square meters. The estimated market price was about 60,000 yuan, and the valuation was about 24.259 billion yuan. Together with the two tens of billions of landlords in Site No. 3 and No. 4 of Kai Tak, Area 4 and No. 4, the land will be launched in the first quarter, which is expected to bring up to RMB 47 billion in revenue. Therefore, it is expected that the total amount of the year will exceed RMB 90 billion. Second only to last year, the record year is high.