Cha Yucheng: Discovery Bay Land’s public and private cooperation
Mr. Chau Cheng, Managing Director of Hong Kong Industrial (00480), said that Discovery Bay covers an area of 650 hectares and has sufficient land for the Government to negotiate the possibility of public-private partnership. In particular, the Discovery Bay community is well-developed and meets the short-term supply of the Hong Kong Government. need.
Cha Yucheng said that public-private partnership involves not only the proportion of units but also the calculation of land prices. However, he believes that a perfect community should not only be a luxury home, but the community must have multiple combinations, including: private buildings, sandwich buildings, and so on. However, he said that public-private partnerships have not communicated with the current government.
Refers to the improvement of the community, not only the mansion
Discovery Bay has 650 hectares, with a plot ratio of about 0.16 times. The low density has room for expansion. Cha Yucheng believes that there is sufficient land to cooperate with the government to negotiate public and private cooperation.
Deng Manhua, executive director of Hong Kong Industrial Development, said that a new round of residential projects in Discovery Bay is expected to be launched next year, with a total of 270,000 square feet of floor space. The next phase of Discovery Bay is about 1.35 million square feet of floor development and is in talks with the government. The investigation of the project has been going on for about 16 years. It is reported that it is close to discussing the stage of land premium. Another 500,000 square foot floor of Luhui Road in Tai Po will be completed in 2021, and the sale time is yet to be determined. The expansion of the Discovery Plaza outside will be completed next year, with an increase of more than 76,000 square feet.
Mr Tang also said that the Hong Kong Industrial Balanced Investment Portfolio business was developed from Hong Kong properties to various parts of Asia, including Hong Kong, the Mainland, Thailand and Japan, as well as selling properties and rental projects. It also looked for investment opportunities and made diversified venture investments geographically. In addition to continuing to sell Hangzhou and Jiaxing projects, the Mainland will also develop two new purchases in Jiaxing with a total gross floor area of approximately 560,000 square feet.
Mainland sales promotion project
He also briefed on the sales of a number of properties. The Hong Kong Tuen Mun Estate 222 has been sold and the Sha Tin Shang Yi 61 units have sold 30 units. In the Mainland, 702 units in the Chiayi City, Hong Kong, and the 316 units that have been sold are close to the sale of 396 units in Hangzhou Hong Kong Industrial Park. The 168 units that have been sold are also close to sale.