726 million new net voted for Tsuen Wan industrial land
[Hong Kong Business Daily] Reporter Tsang Hao-wing: At the beginning of 2018, the Lands Department released the latest land sales record. An industrial land at Ma Kok Street in Tsuen Wan was awarded for 725.8 million yuan, equivalent to a land premium of 3598 yuan per square foot , Breaking the record of the most expensive industrial land per square foot in Kwai Chung from February 2015. The bidding consortium is Sun Net Group (8008), a subsidiary of Sun Hung Kai Properties (016).
Located at Industrial Estate, Ma Kok Street, Tsuen Wan, formerly known as Ma Kok Street Cooked Food Center, it is the first new industrial supply to be launched in about 31 years in the district. With a land area of about 21.2 thousand square feet and a maximum gross floor area of about 201 700 square feet, Ten Tenants Bid received a total of 10 bids last week. Apart from Xin Yi Net, the consortium includes Sino Land (083) and Far East Development (035) Many Hong Kong developers. According to the forecast of the industry, the estimated floor price per square foot will be from $ 3,500 to $ 5,000 and the valuation will be from $ 710 million to $ 1.01 billion. That is to say, the bid price of Nova.com is close to the expected market lower limit.
Foot price broken industrial record
However, the floor price per square foot was 3,598 yuan, still breaking down Shing Hing’s commercial development. As of 2015, the industrial land at Kwai Chung junction of Sheung Yiu Street and Wing Kei Road with Kwai Fuk Road maintained a record high of 3472 sq.ft. Industrial land king.
According to the information, offices designated for general industrial use, industrial operations support, information technology and telecommunications, etc. are specified but not for warehouse use. Market estimates Xin Yi intends to develop the site into a data center.
In addition, according to the land sales regulations, the height of the property to be built at the site should not exceed 100 meters above the main level. The successful developer is