Wong Chuk Hang Station 2 this cut-off

The second phase of property development at Wong Chuk Hang MTR Station will be cut off today. It is bound to set off a new round of land-use battles and will be the first to attract more developers. The land premium for each square of the project is almost 10,600 yuan, However, the market is still expected to attract more Chinese and Hong Kong consortia to bid.

The total floor area of ​​about 493,000 feet

According to market sources, the premium was about $ 5,213 million. With a total gross floor area of ​​about 493,000 square feet, the average price per square foot was about $ 10,575, which is 30% higher than the premium of $ 8,119 per square foot for the first phase of the project in January this year. A record high railway over the years project a new high.

According to the information, another special feature of the project is the bidding amount of the successful bidder consortium, which can be paid in two installments. The first installment is payable within 21 days after MTRCL formally accepts the cooperation and development, and the remaining amount is 50% of the total amount. When the project is in April 2023 Completion of the acquisition, acquisition of project occupation permits, or sales proceeds over the total development cost before payment.

Some developers said that due to the bidding consortium to pay half of the bid amount, the need to pay a lot of money in the early stage, the relevant factors will particularly affect the desire of small and medium-sized consortia.

At the beginning of the year, a joint venture as a venture Wong Chuk Hang Station Road King Infrastructure intends to bid, Road King Infrastructure executive director of single Wei Biao said the group will enter the Wong Chuk Hang Station Phase 2 project.