Wong Chuk Hang station two projects received 37 letters of intent
Hong Kong MTR Corporation (00066) Wong Chuk Hang Station Phase II project yesterday intercepted 37 letters of intent, the track record for the railway project has always been high, the Chinese and Hong Kong consortium out of the nest, winning the first phase of the road Jin (01098) .
With the launch of large-scale land in the southern district of Hong Kong Island, the Huang Zhukeng Station superstructure project has become a must for the developers of Hong Kong and Mainland as a result of the concept of Huinan Island Line. Wong Chuk Hang Station Phase II purely residential projects received a total of 37 letters of intent, second only to the Wong Chuk Hang Station launched in January this year, the first of 39 intentions record, into the second highest number of railway project letter of intent.
Long Guang: Metro superstructure property is guaranteed
The hot property market, although the project is expected to even invest tens of billions of dollars, still attracting the strong interest of Hong Kong consortia. In the second half of the year, mergers and acquisitions (M & A) have been revitalized again. The second phase of the project has attracted many Chinese efforts. In addition to the first phase of “King of the Earth”, Jinji Infrastructure has submitted its intention and at least five Chinese-funded conglomerates have also participated (03380) from South Lamma Island in Ap Lei Chau in the southern district and Hong Kong International Capital Construction (00687) in the possession of 4 Kai Tak places owned by Hainan Airlines, a wholly-owned subsidiary of Long Kai Properties (00960) ), As well as the development experience in Hong Kong and overseas (00688) and CITIC Pacific.
Lin Liru, Deputy General Manager of Longguang Real Estate Investment and Development Department, said that there are guarantees on the property projects in the MTRC and therefore submit the intention first.
Available to build 490,000 feet floor to provide 600 partners
A number of local medium and large scale developers have also been flocked to participate, including Cheung Kong (01113) which has just completed the sale of 75% interest in Central, Xindi (00016), New World (00017) ), Evergrande (00012), Wheelock, K. Wah (00173) and Nan Fung have submitted their letters of intent, hoping to obtain project tickets for bidding in the future to understand the tender terms and conditions.
Chen Chin Ho, Assistant Manager of Treasury Department of Chinachem Group, who has intention to enter into, intends to welcome the market with the geographical advantages of the project.
The Far East Development (00035) Zhu Baolin, general manager of the Department of Real Estate Development said that the current bidding is not easy to cast the ground, that the project for the Hong Kong Island Railway Station superstructure, with geographical advantages, depending on the regulations bids for the government plan to promote product Gold for the purchase. It can be a good thing for the first-time residents to help them make the best use of home ownership.
The second phase of Wong Chuk Hang Station is located at Chen Baisha Memorial Secondary School. It has a gross floor area of about 493,000 square feet and provides about 600 blocks, slightly smaller than the first phase adjacent to the adjacent one. However, the sea view is expected to be more open. According to the first phase of Wong Chuk Hang, the premium per square foot was 8,119 yuan. The premium of the second phase of the second phase is expected to be about 10,000 yuan per sq ft. The premium of the land is valued at between $ 7.4 billion and $ 10.35 billion. Land premium 15,000 to 21,000 yuan.
It is understood that the MTR will soon launch tender projects in the short term, before the Christmas bidding approval.