27/7/2017-3

URA Jialing Street has a commercial valuation of up to 10.4 billion

WASHINGTON (Reuters) – The Urban Renewal Authority (CEDC) will be able to build a floor of about 430,000 square feet for office, hotel and retail use. , The market valuation of up to 10.4 billion yuan.

This move to the commercial hotel retail use

The URA has launched a purely commercial project for more than two years. The site is located at Sheung Wan Street / Ka Shan Street Site C commercial redevelopment project, adjacent to Sunway Building, covering an area of ​​about 28,900 sq ft. It is suitable for office, hotel and Retail development, up to a total of 433,500 square feet, which should provide no less than 14,101 square feet of land for public open use, next 11th (Friday) cut the intention.

The core area of ​​office space needs, Central District, the supply of commercial land is not much, together with the Central Merlin Road in May to the per square foot floor price of more than 50,000 yuan approved, the market for this Jia Kan Street site C Optimistic.

Consolidated market valuation, the valuation of 8.2.4 billion to 10.4 billion yuan, the land price of 19,000 to 24,000 yuan, I believe the potential of the URA’s most expensive projects over the years, do not rule out the dividend ratio will be high, and set New cooperation model.

Surveyor: Cheng Hong Kong consortium battleground

A surveyor pointed out that the project location and development prospects are good, suitable for long-term rental options, is a battleground, I believe will attract a number of Hong Kong consortium to submit the intention to obtain the project “tickets”, the expected letter of intent The number of opportunities to create a new project over the years.

The Central Pleist Street / Ka Keng Street redevelopment project is divided into three sites, where commercial and commercial sites A and B have completed the tender, respectively, by the letter set (00083) and Cheung Kong (01113) to vote the right to development, which will The project is named My Central and believes the two developers will submit the letter of intent.