After SHKP (0016) earlier won a record-breaking price of 42.232 billion yuan for a commercial project on the West Kowloon High Speed Rail Station, some surveyors were optimistic about the price of residential land at No. 135 Tai Hang Road, Hong Kong Island, which will be closed tomorrow
The floor price can reach 42,000 yuan, challenging SHKP in December 2006. The highest residential land price per square foot (now TWELVE PEAKS) at No. 12 Mount Kellett Hill Road (now TWELVE PEAKS) with a floor price of more than 42,100 yuan per square foot Earth King Throne.
Price 42,000 square feet challenge the throne of residential land
Liang Peihong, senior director of Huafang Consulting, said that No. 135 Tai Hang Road is located in a luxury residential area overlooking the Hong Kong Stadium. Land, if high-quality properties are built, it is believed that they can be used for long-term investment. He estimates that the valuation of the land is between 4.9 billion and 5.4 billion yuan, and the land price per square foot can reach 38,000 to 42,000 yuan.
According to statistics, No. 135 Tai Hang Road is a former civil servants dormitory covering an area of 42,948 square feet
with a maximum buildable floor area of about 129,000 square feet. Based on information from industry sources, the valuation of the land is about 1.93 billion to 5.4 billion yuan, and the floor price per square foot is 15,000 to 42,000 yuan.