Core business district Vs emerging business district

Within a month there are two King, all two points are commercial, the turnover is also quite close to the unique, is also the core business district and the new business district Competition.

May the focus of the property market fell on the sale of land, two weeks there have been two to the king, first in May, the Central Merlin Road to Wang from Henderson Land (00012) to up to 23.28 billion yuan won the price slightly higher than the market The expected limit of nearly 5%, once became the king, to break this year in February Ap Lei Chau Lunan Road Linhai residential land hit a record price of 16.856 billion yuan. Per square foot floor price of 50,064 yuan, also a commercial land floor price of a new high, keep so far. A total of about $ 24.6 billion was awarded to Nan Fung, about $ 12,863 per square foot of land at a total of $ 24.6 billion in the Kai Tak District 1F, Kowloon East Kai Tak Development Area. The total price broke the Murray Land records, Become a new king.

Murray Road Land CBD value is difficult to replace

Market sentiment, driving the atmosphere, two different land, the same price than expected, of course, have their own unique, if you want to compare the two king, should be from the perspective of sound and potential. It is very simple, the reason is very simple, Central has been CBD, the future if no accident is, the value of CBD is difficult to replace, especially in recent years, Chinese institutions to come to China, the United States and the United States, Hong Kong opened, the preferred must be Central, enough to cite the charm of CBD. Nearly ten years in the Central region almost zero supply, with a reconstruction of more than 40 million square feet of the project, it is rare in ten years. Group after the purchase, both for their own headquarters, the other floor and can rent, serve two purposes, very unique.

Kai Tak new king scale rare potential

As for Kai Tak land, perhaps there is still a new supply area, but a little worth noting that the size of this land is difficult to compare with other projects in the same district. Kai Tak 1F District 2, for the second batch of the region to the commercial, near the future sand midline Kai Tak Station, can be built up to 1.91 million square feet, the eastern building height limit for the main level above 200 meters, Compared to the surrounding site of about 130 meters high, is expected to land about one third of the future floor of the high-level units is expected to Victoria Harbor Seaview. The future of the land can be built 200 meters high skyscrapers, are landmark commercial buildings, the owners can be the provincial signs, showing the strength of a single landmark two words, has a certain uniqueness.

In addition, Kai Tak also has the potential, of course, the current area is not any large projects completed, but with basic support (MTR sand center line), the whole sea King office two major advantages, are worth watching.

Are long-term investment was significant developers confidence

Also remember that more than a decade ago, the new site of Kowloon Station Global Trade Plaza (ICC) project leasing, when the property area is large, and the surrounding development is not yet fully mature, the owners out of the rent is relatively cheap, the results successfully attract Morgan Stanley, Credit Suisse and other investment Bank relocation, the number of ten thousand square feet of rent, followed by a large organization stationed, rental ideal. At present, the rent of the building has reached 80 to 90 yuan, several times higher than the initial rent. From the above example, the new business district absolutely have the ability to appreciate, if the owners operating ideals, appreciation potential can not be underestimated.

Two to the king of the characteristics of the core business district is also compared with the emerging business district, it is hard to say which is worth more investment. But it is certain that the recent high-priced commercial transactions are long-term investment, bold estimates of the owners of ten years or even longer will not change hands, no wonder the two king fell on the hands of veteran developers in Hong Kong, also show that they Hong Kong business prospects are confident.