Evergrande Everlasting Buying the first flag of Hong Kong residential “buy shell” form Tuen Mun Men official expected more than 10 billion investment

China Fangda (3333), China’s leading house maker, is entering the residential market for the first time. According to the information provided by the Registry, the register of the company registry shows that under the Henderson affiliation, Welfare Development Co., Ltd., a residential site of Cuite Cui Road, Tuen Mun, was awarded for 3.63 billion yuan in 2015 and a number of directors, including Li Ka-shing, By a number of mainland background Hengda ownership, which means that the earth or has changed hands. Market estimates, due to the project can be built nearly 800,000 square feet, the scale is not small, the investment amount expected to more than 10 billion yuan.

Ming Pao reporter

This is the second case after Country Garden (2007) acquired part of the rights and interests of Hong An (1243) Shiraishi Residential Land under the auspices of the Ministry of Construction. The newspaper last week, respectively, to Hengde and Evergrande query transaction details, but Hengda did not respond to the deadline, Hengda said they did not respond.

According to the information provided by the Companies Registry, the original owners of Evergrande Holdings in Fukai, including Li Si-cheng, the younger son of Li Siu-chi, and Sister Lee Fung Lee Hwan Joong, as well as a number of veteran Guo Binghao, Li Jingyu and Liao Xianguan have resigned their positions to appoint Hengda executives Lai Lixin, Chen Fen and Wang Rong served as directors.

Lands Department: We are aware of the case of “selling shell”

The newspaper also inquired of the Lands Department about “selling the shell” excerpt from the company where the Company was re-recorded. The department responded that it was aware of the case.

Information shows that Hengdi has rarely won residential tenant in recent years. In June 2015, it claimed the above land of Guan Tui Road, Area 56, Tuen Mun for 3.63 billion yuan. The floor price per square foot was about 4621 yuan. The shape of the land is irregular and difficult to cut. However, the size of the land is not small, with a site area of ​​261,900 square feet and a floor area of ​​about 785,000 square feet. At that time, it was estimated that the total investment of the project would be about 8 billion yuan. According to the land sales regulations, the site is subject to high-limit terms and the successful developer is responsible for the maintenance and protection of slopes near the project area. In addition, developers should also lay out road and pedestrian sections outside the project and carry out environmental assessments on noise, sewage and drainage problems.

Approved last year, built 1982, three into three mini-households

According to the information provided by the Buildings Department, the above projects were approved in 2016 and plans to build four 19-to-20-storey residential buildings and another 22 three-storey residential buildings. In addition, a new construction project will be approved by the department in June 2017. The project will provide 1982 units. Of these, 30% will be mini-units, excluding kitchen and toilet. Some of them are only about 135 square feet in area. The actual usable area is estimated to be only about 230 square feet, have the opportunity to become the smallest area of ​​the unit.

Within two years, the price of the area has risen by 40%

This is the first time for Evergrande to enter the domestic residential market for the first time after acquiring Vantone Building (now known as Evergrande Center) from China Huilian (0127) for “High Price” of 12.5 billion in 2015. In fact, the market value of Wah Wat in recent years has also risen abruptly with the rise of the market. Adjacent to the aforesaid residential dwelling, which was originally held at a constant landholding level, it was set up by Shenzhen Holding (0604) and Road King Infrastructure (1098) Consortium in June 2017 at about 31.69 A total investment of $ 100 million will generate 473,000 square feet of floor space and a floor price of 6,700 yuan per square foot, which is significantly higher than the premium per square foot of residential land in Wat Bei Estate. Land premium of 4621 yuan per square foot of land is 45% more expensive.