China-Hong Kong land market frequency plug flags no longer limited to land analysis: grab ground have come
In reviewing the land sales market in Hong Kong, the first half of this year was dominated by Chinese capital. A total of 9 residential sites were launched in the year. Only China-funded facilities have won five. Together with the first phase of property development at Wong Chuk Hang MTR Station (0066) Project, with a total of more than 50 billion Hong Kong dollar funds attacking Hong Kong grab land (see table). Different from the devaluation of the renminbi early last year, which triggered a wave of overseas investments by Chinese investors, the analysis and forecast of the low cost of overseas funds, the fact that Hong Kong’s land prices are still cheaper than those in the hinterland and the profits of the projects are guaranteed, China will continue to plunge in the coming year.
Ming Pao reporter Chu Chu
This year, the rush to land acquisition in China needs to be addressed to Hainan Airlines, which is not familiar to Hong Kong people. In less than half a year from November 2016, HNA won a total of over $ 27.2 billion in winning four Kai Tak lots, each with a floor price of up to $ 13600 “high price” and high valley price. Even ” The situation also led to the closure of some new flats at that time to increase the fare and the price of second-hand anti-property has become another impetus to the property market.
HNA snapped up high prices kicked off
Since then, a number of high-priced Chinese-funded transactions emerged one after another, including Long Guang (3380) and KWG (1813) jointly won the residential area of Ap Lei Chau for more than $ 16.8 billion. Wang Di Wang set a record, floor price per foot 22,000 yuan, compared to the overseas (0688) New South dish. On the left bank of March 2012, the price of 11,000 yuan is twice as expensive as that of the region’s new plate, “Bread”. After a lapse of four days, the opening of the first phase of the property development project at Wong Chuk Hang MTR Station was also won by the Ping An Real Estate Partners (1098), a Hong Kong island that has always been scarce with land resources. under.
Siu Sai Wan recorded 20 years to break the king
However, with the Mainland in the second half of the HNA, Fosun, Wanda and other large-scale mergers and acquisitions overseas Star Enterprise funds were investigated, including HNA more often pass Kai Tak land made Bridge loans not renewed. In the second half of this year, Hong Kong businessmen pulled back one city, including XINZHONG (0083) and the Chinese group Shimao Property (0813) and other group consortia won the bid of 17.888 billion yuan for West New Residential Area, Hing Wah Street, Cheung Sha Wan. From Kerry (0683) Settled in Hong Kong Wong Chuk Hang Station Phase II projects.
To Hong Kong developers digging angle increase cooperation projects
However, it is understood that many Chinese-funded enterprises have been listed in Hong Kong for many years. They have become familiar with capital operation in Hong Kong or hired local developers. The way to collect earth-storage is no longer confined to open bidding. Cooperation with Hong Kong capital. For example, Country Garden (2007) purchased Reconstruction Project No. 142-154, Carpenter Road, Kowloon City in June this year from Honghui (0183) for a consideration of RMB610 million; in September, it purchased another 60% stake in Hongshan Road, Rights and interests, and the offshore company “Country Garden Real Estate (Hong Kong)” officially registered in the Hong Kong Registry, it seems to take root and develop. Another residential unit, Agile (3383), also acquired $ 400 million for the old buildings 992 to 998 King’s Road, Quarry Bay, near Taikoo Place.
But analysts believe that the development of China in Hong Kong will not stop, Zheng Huaibu, director of CIMB’s Hong Kong real estate development in the Mainland in the second half of the year seems to be slowing down, all due to its turning a low profile and the second half of the larger tender projects, Too exaggerated projects do not want to do or not easy to do, “part of the lack of land storage Hong Kong investors are also aggressive bidding, the formation of the shift. However, in fact, quite a number of medium-sized and small-sized domestic flats have eagerly tried on the Hong Kong market in recent years. For example, Xu Hui (0884) also cooperated with Hong On Estate in developing the Yau Tong project.