8/8/2018-10

Wong Chuk Hang Station Phase 3 only accepts 5 tenders Vacancy tax impact Three and a half years of the most cold railway project

At the end of June, the government launched a number of measures aimed at the property market. Coupled with factors such as the Sino-US trade war, developers have shown signs of decline in their intention to enter large-scale development projects. The third phase of the MTR (00066) Aberdeen Wong Chuk Hang Station Property Development Project (hereinafter referred to as Wong Chuk Hang Station Project) with a market capitalization of $30 billion was closed yesterday. Only 5 tenders were received, which is the worst response of the station. The first phase is also the most chilling railway property project in the past three and a half years since the receipt of four tenders at Tianrong Station in Tin Shui Wai, MTR in February 2015.

Changshi Hengdi participated in the New World China Sea Group Foundation

The MTR launched the third phase of Wong Chuk Hang Station in late June. A total of 36 letters of intent were received. Although it is the least number of letters of interest in the three sites of Wong Chuk Hang Station, the number of letters of intent in the railway project has always been the same. More than three sites. The MTR invited developers to enter the tender for the third phase last month. Yesterday afternoon, the tenders received a total of 5 tenders, which were received in the first phase of the tender cut in February last year and 14 tenders received in the second phase of the last December. Of the 10 tenders, the third tender was significantly colder.

The participating consortiums are mainly local large-scale developers, including Cheung Kong (01113), Henderson Land (00012), SHKP (00016) and Chinachem, while Chinese-funded developers known to have entered the bid are only China Overseas (00688). The consortium was entered into the tender, including New World Development (00017), Wheelock Real Estate, Trust (00083) and K. Wah International (00173). Liang Jingjing, Real Estate Development Manager of Henderson Development, said that the group entered the bid in a sole proprietorship.

According to the information, the third phase of Wong Chuk Hang Station covers an area of ​​about 249.931 million square meters. The floor area of ​​the building can be about 150.5884 square meters. It is the largest phase of Wong Chuk Hang Station and will be used for commercial and residential development. Face