Last year, White Rock March land exchange prices soared half

In recent years, in addition to its massive acquisition of official land in Hong Kong, the Chinese government has also acquired the company through its “buying a shell” stake. Country Garden (2007) acquired a 60% stake in Hongshan Real Estate (1243) at its site of 2.43 billion yuan in September last year, attracting market attention. At that time, the floor price per square foot was as high as 10,500 yuan, much higher than that of Hong An In June last year, about 2.63 billion yuan was transferred from the market and the floor price per square foot was about 6,787 yuan. The land was purchased from Mid-City Construction and Asia United Infrastructure (0711, formerly known as Jun He) in June last year, reflecting the average floor area per square foot Land prices soared 55%.

In response to the newspaper’s statement in September last year, the Development Bureau said that land leases sold by the government through tendering generally contain provisions that limit the transfer of land before the issue of the contract completion certificate (ie, satisfactory paper). The details of the restrictions should be referred to the relevant clauses , Can not be generalized. The council also said that in general, if a piece of land is purchased by a company, the company becomes a landowner. If the land owner transfers the land to another person or company, the title to the land is transferred to the other person or company and the transfer restriction (if any) contained in the land lease generally addresses the transfer. The transfer of the land is a transfer of its shareholdings by the shareholders of the landowner. The share transfer does not change the obligations of the land owners and the landlords in the performance of the lease and is therefore not subject to any general deed. Similarly, on Baishayao Sha Road land, the land lease only restricts the transfer of land ownership, does not limit the successful bidding company equity transfer.

Agile actively acquired old buildings

In addition, Inner House also aggressively acquired the old buildings in private markets such as Agile (3383) for $ 400 million in November last year to acquire a total of 16 units on the 3rd to 3rd floor, 992 to 998 King’s Road, Quarry Bay, which are near Taikoo Place. Feast real purchase price of more than 20,000 yuan. It is learned that after the developer compensated the government for land premium for the project, it is estimated that the developer will be able to develop 80,000 square feet of commercial and residential properties.