The acquisition cost has increased significantly.

Wei Zhicheng’s reconstruction in the blogging city’s urban areas has become increasingly difficult. He even revealed that even if he buys and sells at a low price, he will not be able to offset the expenses of the new projects in the same area. In the case of the acquisition of 61 residential and ground floor rights in Tokwawan 10 years ago as an example, the saleable area at the time was more than 5,100 yuan. The project was sold publicly at the beginning of this year, taking into account the sales share with the cooperative developers. After the agreement and the land premium paid by the developer, it is estimated that the URA’s total revenue will exceed 700 million yuan. This year, the URA launched another reconstruction project in the same district last year. The purchase price has risen to about RMB 16,000. The acquisition cost is as high as RMB 900 million. In other words, the income is offset by the huge acquisition cost.

Lao Ji understands that Wei Zhicheng pointed out that the To Kwa Wan project to be sold this year is No. 44, Zhejiang Street, a single-family property, “Jinhui,” and the first price for the sale in January was priced at 19,151 yuan, and the fourth price was announced in February. In a single time, the price of oysters has risen to 23,868 yuan. The project was co-developed by Shishi International (00025) and Baosheng Partner URA.