31/5/2018-9

URA’s Tongzhou Street Project Has Received Twenty Times Bid Price History

Rare urban areas, URA’s Sham Shui Po Tongzhou Street, Guilin Street reconstruction project received a total of 20 tenders, the number of times for the URA to intercept tenders, approaching the URA Central Street, Gai Gai The record number of URA’s bids for 22 projects in the Salt Street Site A project will also be the first project to publish the bid price in an anonymous manner, which is expected to increase market transparency.

The above-mentioned redevelopment projects will be fully funded by the sole proprietorship developers, including Cheung Kong (1113), SHKP (0016), Shinji (0083), Wheelock (0020), Ka Wah (0173), Huaxun, Nanfeng, Yuanyuan. Exhibition (0035), Lai Zhan (0488), Emperor International (0163), Tegent Real Estate (0199), Hong Kong Ferry (0050), Chevalier International (0025), Wang On Real Estate (1243), Vanke Overseas (1036 ), Regal Hotels (0078), Minmetals Real Estate, Roche Real Estate, Jianye Real Estate, etc.

First City Construction Project Open Named Price

For the first time to compete for the Minmetals property project of the URA project, the Hong Kong head of operations of the group, Luo Yaorong, stated that the group is actively developing its business in Hong Kong and the project is located in the urban area and is suitable for the development of the group. For the public price, he admitted that this is a good thing for the market, but also allows the public to know how developers see the market.

It is reported that after the successful bid for the building sales income of 1.8 billion yuan, the successful bidder will have a dividend of 20% for the first 50 million yuan after reaching the target, and then increase proportionately by up to 50%. If the maximum residential building can be built, it will be approximately 97,845 square meters. The trick is to pay dividends of 18,396 yuan for each party. In addition, the commercial building involves 46,500 kilowatts, and will develop the Sham Shui Po design and fashion base, which must be returned to the URA. Successful bid winners must be built in accordance with the requirements set out in the development agreement regarding standards and quality, sustainable development and smart systems. Industry sources estimate that the land price of each side of the project is approximately 10,000 to 14,000 yuan, and that of the site is estimated to be approximately 1.44 billion to 2.02 billion yuan.