The commercial site at the junction of Lianxiang Road and Austin Road West, Kowloon, the West Kowloon High Speed Rail Station will be closed tomorrow
Kowloon Inland Lot No. 11262 has a site area of about 643,000 square feet and is designated for non-industrial use (excluding residential, warehouse and gas stations but including hotels) with a maximum floor area of 3.16 million square feet.
Market valuation ceiling of nearly 100 billion
Centaline Property Surveyor Zhang Jingda pointed out that developers are cautious in bidding. The valuation of the property has been lowered in early September. The land price per floor is about 30,000 to 40,000 yuan, down 30%, about 20,000 to 30,000 yuan. The value is about 63.29 billion to 94.94 billion yuan. It is expected that the number of bids will not be large. Due to the huge amount of investment, it is believed that most of them will bid in a consortium.
Lin Zibin, a director of Midland Surveyor, has a valuation of only RMB 175,000 and below, with a total amount of about RMB 50 billion, and a total of about RMB 100 billion in construction costs
He believes that the price of 20,000 yuan is the valuation at the beginning of the year. Under the recent revision, the company has lowered the valuation of the land. The consortium may be a China-Hong Kong consortium, and believes that this land that cannot be sold is very risky from an investment perspective.