Yuen Long Tang Family Push 10 Farm Land Auction
The government is actively working in the south of Yuen Long. Some property owners are selling high prices in four locations in Yuen Long and involve 10 large-scale agricultural lands, involving 119,000 square feet, with a total value of nearly 370 million yuan. It is reported that the holders of the aforesaid agricultural land are the families of the original inhabitants of the Tang family
The land debate is underway and the market is watching the land development in the New Territories. According to information from loyalty auction houses, 10 farmland in Yuen Long was launched for auction, with asking price ranging from 5.229 million yuan to about 125 million yuan. The land will be auctioned on June 11.
The 10 agricultural lands mentioned above can be roughly divided into 4 sections and are located adjacent to Tianlu Village, Pingshan New Village, Tangui Village and Shrao Village. The largest number of farms in the neighbouring Tianshao Village was a total of 49,500 square feet of agricultural land. The asking price was 173 million yuan, and the average price was about 3,500 yuan. The land is close to residential projects and cypress, which has great potential for development.
Easy-cutting tools supporting material consortium scramble
The most expensive agricultural land is located in the vicinity of Ping Shan Xin Cun, which is close to the real estate project of Chang Shi (01113). The two agricultural lands together have a total area of 7,181 sq ft. The asking price is 28,200,000 yuan and the price is 4,000 yuan.
According to the Land Registry, the land owners mentioned above include Deng Dashan, Deng Lijian and Deng Likun. Among them, Deng Dashan and Ping Shan Township Committee have the same name. It is estimated that the land will be held by the Tang family of the Ping Shan native in Yuen Long.
Due to the fact that the farmland in the four lots mentioned above involves a large area and is close to the developed section, roads have been paved around and there are basic facilities, which are easy to tailor and develop, and they have the conditions to attract the consortium to bid.
Yuen Long South has potential for development. It has also attracted developers to increase their holdings in the area. Including Lammon International (03688) earlier rejected RMB 169 million for buying a farmland south of Cuifeng Village in Tangren Village, Yuen Long, with an area of approximately 66,000 square feet and an average selling price of approximately RMB 2,580.