Hengdian in recent years, selling products

In recent years, the Chinese aggressively grabbed land and took over the theme of Hong Kong capital. Check the record, constant opportunity to buy local assets at high prices, the sale of non-core items in the urban areas for background funding, including the sale of 99.5 billion yuan early this year for sale on the 18th Peking Commercial Street, North Point to prosperous Group, a Chinese-funded background in the Capital and Pacific Trust Group consortium.

The commercial building was originally a frozen warehouse site in Asia. In 2005, Hengda purchased and sold the project for office use at 620 million yuan. Last year, the land premium was completed at 2,218 million yuan and the land premium of 6,728 yuan per square foot was used. Together with the purchase price of the same day, The total floor price of about 8700 yuan. At this sale consideration, the average selling price per sq ft was about $ 30,000. At that time, the market was estimated at an investment of about 5 billion yuan and the project booked a profit of 5 billion yuan or 1 times.

In addition to the Jinghua Road project, Hengdian sold two Li-Dong Hotels in 2017 and sold RMB4.368 billion in 2016 at the Golden Dragon Center which is located in Sheung Wan MTR Station. At that time, Hong Kong Customs once revealed that the buyer was a Hong Kong businessman and the other party Acquisition of the project for long-term rent collection.

Analysis: Increase cash on hand to develop Murray Road commercial

Despite frequent and frequent sale of projects, the Group still has plenty of funds on hand. According to the Group’s annual report, as of the end of June last year, it had over RMB25 billion in cash on hand. However, some analysts think that Heng Di has won the commercial land of Murray Road last year, At least a minimum of $ 30 billion will be required. Even though the development of project loans will be utilized and the increase of liquidity at hand will still be justified.