Shun Chi Group Consortium Wins Air Ventilation Floor

The MTR Corporation (00066) announced that the Yau Tong Ventilation Building Project was awarded by a consortium of Shun Chi (00083) and Capital Strategy (00497). The market is expected to have an investment of 5 billion yuan, and will be implemented at a price of 20,000 yuan per square foot in the future.

In the past year, Shunjei’s use of nearly 4 billion yuan in 7-degree acquisitions of residential land has involved as many as 4,700 supply.

Belonging to this year’s first railway project, the Yau Tong Ventilation Building, which was lasted only by six groups, was selected by the consortium of Sino Capital and Capital Strategic Cooperation.

Huang Yongguang: Introducing Green Building Smart Home

According to Huang Yongguang, Deputy General Manager of CSUN, the project project community is well-supported. Yau Tong Station, together with Kowloon Station and Tsim Sha Tsui Station, are three railway stations that can be directly connected to Hong Kong Island Railway Station to enjoy a favorable geographical position. They will build high-quality residential buildings and introduce green buildings and smart homes. design.

In the past year, CSCL has actively participated in the investment. It has won a total of 7 residential sites. The land price involved is estimated to be nearly 48 billion yuan. It absorbs 3.58 million square feet of floor space and provides 4,700 supply lines, including 3 railways. project. In addition to the above-mentioned reservoir ventilation building, the Wong Chuk Hang Station Phase 2 and the West Rail Kam Sheung Road Station Phase 1 project are also included.

As for the capital strategy, it was the first time to win the MTR project. According to Fang Wenbin, executive director of the Group, the site is a high-quality project in the urban area. It is also only 5 minutes away from Yau Tong Station and one station away from Hong Kong Island. There are large-scale developments such as Yau Tong Bay. The project will build 500 people and the high-level units will have sea views.

Regarding the higher difficulty of project construction, Fang Wenbin stated that it is estimated that the construction cost per square foot of the project will reach 6,000 to 7,000 yuan, which will be 2,000 to 3,000 yuan more than the average project, and that the price already reflects the construction cost.

Lai Fang Investment Value of 5 Billion, Up to 20,000 Yuan

The Yau Tong Ventilation Building project has a total floor area of ​​approximately 325,700 sq. ft. According to the terms of the tender, the developer must pay a premium of 1.515 billion yuan, which is approximately 4,657 yuan per square foot, and an additional entrance fee must be paid by the developer. The bid amount will be won.

Lin Haowen, Senior Director and Valuation and Consulting Director of Knight Frank estimates that the total project development cost is expected to be approximately RMB 4.5 billion to RMB 5 billion. The construction period and costs will be higher than that of the general project. However, the construction site can be targeted for the construction of mid-to-high-rise residential buildings and will be completed in the future. The square footage sells for about 20,000 yuan.

At present, the second-hand property price in the same district is about 13,000 to 15,000 yuan. For example, PENINSULA EAST recently used a practical price of about 1.2500 yuan, while Jiaxian has about 15,000 yuan. If the surveyor estimates, the price will be higher than the second-hand price. 3 to 50%.