The latest land of No. 2, Zone 4A, Kai Tak Runway Residential Land, was tendered under the current unstable atmosphere
Only 4 tenders were received, which reflected the current market temperature. Of course, there are other explanations in the market that the scale of land use is huge, and the total amount is very high. There are not many financial participants.
The holders of the Kai Tak New Area do not have the six or seven large-scale local developers
They have already The joint venture development model was successfully used to land the land, and this time it also used the joint venture method to enter the bid. In fact, this site has gathered a number of interested and capable developers to participate in the competition, but the number of tenders is small, which makes people feel less.
The four bids came from 9 developers, indicating that these companies with substantial participation still have confidence in the development of Kai Tak New Area
Look at the land sales regulations and stipulate that about 10% of the building will be built on public facilities, involving nearly 120,000 square feet. It can be seen that the government also has a national service thinking in granting land. Each region takes care of various social service needs in land allocation. As to whether it can meet the demand, it is a complex and balanced art. However, each community has different needs in its development. In order to cater for the needs of different sectors, it can only be improved step by step.