28/12/2017-2

Tsuen Wan industrial valuation Air 1 billion

The Tsuen Wan Ma Kok Street industrial site will be closed this Friday. With the soaring land prices, the market of the industrial land has the highest market value of over $ 1 billion and the floor price per square foot is as high as $ 5,000. Both the land price and the foot price are expected to be created Hong Kong’s industrial high. The market expects that the land will be favored by small and medium-sized developers or users and may receive about 10 tenders.

The upcoming bidding of industrial land

5,000 per square foot is the most expensive

Zhang Qiaochu, Deputy Managing Director of Colliers International Asia, said valuation of industrial land has risen considerably in recent years. The construction quality of newly completed industrial buildings is close to that of commercial buildings. The floor price per square foot of industrial premises in Ma Kok Street is estimated to be around 4,000 to 5,000 yuan, have the opportunity to create a record high industrial. Equivalent to the highest valuation of about 1.09 billion yuan, the market ceiling, is also expected to create new indicators of similar land.

According to the information provided, the maximum price per square foot of industrial land granted by the Government over the years is one-fifth of the industrial land at Kwai Chung, Yiu Yiu Street, Wing Kei Road and Kwai Fuk Road, which is obtained from Shun Hing Commercial Development at a cost of nearly $ 450 million. The land price is about 3,472 yuan.

As a matter of fact, the supply of industrial land has become even more rare. This year, the Government temporarily gives only one piece of land for similar purpose. For the Wing Chi Road industrial estate in Kwai Chung approved in May this year, Sino Land (00083) The land price per square foot is about 2,548 yuan.

Friday cut material received 10 bids

The Ma Kok Street Industral Estate, to be closed on Friday, was originally a delicatessen hawker market covering an area of ​​about 21,200 square feet and a buildable floor area of ​​about 202,000 square feet. The office is designated for general industrial use and supports industrial operations. Technology and telecommunications industry, but not including warehouse use.

Pu Sheng, director of corporate development (valuation and property management), said Zhang Shengdian, according to the sale of the constitution, the winning consortium is responsible for the demolition of some existing site within the existing buildings, and to build a section of Pro Road before the street, but also to Environmental Protection Department to submit sewage impact assessment report, approved only after the development.

He pointed out that due to the demand for industrial land in the market and the fact that the land site launched this time is not so bad and the investment amount is not high, it can attract small and medium-sized developers as well as users and it is estimated that about 10 tender proposals will be received.