There are large-scale residential projects in the urban area, with small units as the main focus
According to the latest data from the Buildings Department, the residential landlord of Hing Wah Street, Changsha Bay, which is jointly developed by Xinzhi (0083) and other consortia, has a practical area of less than 400 square feet and accounts for about two-thirds of the project.
The smallest apartment area is only 181 square feet
According to the latest information from the Buildings Department, the above-mentioned residential landlord of Hing Wah Street in Cheung Sha Wan approved the construction paper in November last year. The documents show that if the BD’s Usable Floor Area is used, it does not include toilets, bathrooms and kitchens. Area of public buildings, public passages, elevators, etc., the finest unit has a practical area of about 181 square feet, with 409 units, accounting for more than 30% of the total 1347 units of the building, and more than 901 units with a saleable area below 400 square feet 67%.
After reviewing the information, the above-mentioned land was won by the CITIC-led consortium at the end of 2017 with 17.288 billion yuan, which once set a record for residential official land. The project will build 11 buildings with a height of 25 to 28 floors (in the two-storey basement). Above) Residential.
However, the Tai Po Lu Fai Road project co-developed by Hong Kong Industrial (0480) and Hysan (0014) is dominated by large units. According to the Buildings Department’s information, the Luhui Road project in Tai Po will have 257 units, with the smallest area of about 711 square feet and the largest unit of practical area reaching 4754 square feet.
210,000 sq. Ft. Commercial building for Taikoo Po Wah Building
In addition, the Buildings Department announced that it had approved 21 building plans in November last year. Swire Properties (1972) Po Wah Building, 46-56 Queen’s Road East, Wan Chai, 1-11 Landau Street, and 2 to Yanton Street On the 12th, a 28-storey commercial building (above the 4-storey basement) was approved for construction, involving 214.6 thousand square feet of floor space; Kwun Tong Lie held by Yingxin Holdings (0015) and Security Engineering Holdings (1627) No. 7 Yip Street has been approved for a 23-storey commercial building (above the 3-storey basement), involving a floor area of 132,500 square feet.
In addition, 299QRC, 299 Queen’s Road Central, Sheung Wan, which was purchased by property investor Wang Zu’an for approximately 2.1 billion yuan in 2018, has also been approved for redevelopment into a 26-storey office building with a buildable floor area of about 94,200 square feet.