Lantau Island land 160 million approved low market expectations 30%

According to the announcement by the Lands Department of Hong Kong yesterday, the residential area on South Lantau Island in Lantau was awarded $160 million. This price is lower than the market expected lower limit of nearly 32.5%. The successful bidder of the project, Shengyu Industrial Co., Ltd., has a lease term of 50 years.

The total residential area of ​​the project is about 59,200 square feet, and the plot ratio is about 0.4 times. The total floor area can be about 23,700 square meters, and the floor price of each square is about 6,753 yuan. The original market value of the project ranged from 237 million to 284 million yuan, and the floor price was about 10,000 to 12,000 yuan.

Central Plains Zhang Jingda: Land price “returns to normal”

The site was closed on October 26, 2018. The Lands Department recorded a total of 6 tenders. It is reported that the consortium includes Sino Land (083) and K. Wah International (713).

For the bid price is lower than the market expectation of more than 30%, Zhang Jingda, executive director of Zhongyuan Surveyors, said that the winning bid is the price of the middle to the government rather than the flow mark, and that the low price is “return to normal”.

Zhang Jingda continued to say that it can be seen that local developers are very cautious in bidding. Because the size of the land is not large, the overall market conditions of the property market are weakening, and the property prices are adjusting downwards. The developers lack confidence in the prospects of the property market. Therefore, the investment enthusiasm is not high, and the conservative bid is chosen to test the price level of the land at a low price. Low absorption.

Previously, a site in Changsha, Lantau was auctioned by Chen Zhuming, the eldest son of Agile Lecture (3383), with an annual salary of nearly 20,000 yuan. Zhang Jingda said that there are Chinese developers. .