Strong shot application for the first 8 months by 80%

Hong Kong Wen Wei Bank reported that the residential sales report in August showed that 80% of the case was applied for compulsory auctions from the beginning of the year to the “Land (for compulsory sale for re-development) Ordinance”. At the beginning of August, the Land Tribunal had received 9 applications for this year, an increase of only 5 cases over the same period last year. The number of applications before the end of the year will exceed 11 last year.

In addition to Henderson and other large developers to actively absorb the land, the small and medium-sized developers have gradually become positive. The recent co-line to apply for strong film He Wen Tian Sheng Road Road 5A-5D. In addition, Yongyi International has also been approved for $ 414 million or $ 16,000 per square meter.

Small and medium-sized developers gradually become positive

Jones Lang LaSalle Capital Markets Regional Director Mo Kaijie said that despite the acquisition of sufficient title to meet the 80% of the title of the long shot of the long time, the early also bear the high stamp duty, but the government land sales competition Intense, and urban areas ideal for the scarcity of green space, more and more local developers to transfer the acquisition of old property for reconstruction.

“About 15% of the private residential buildings in Hong Kong were built by 1970 and there will be more opportunities for redevelopment and development, but the developers need to pay a heavy purchase price,” said Che Yongjun, an associate director of Jones Lang LaSalle Research. And the current market price has reached a record high level. The more promising developers will be able to estimate the project at a higher price expected to be expected after the completion of the project. “