The market is estimated to be the first new debut in 2020. Wetland Seasons Park, which offers 710 units under Xindi (0016)
sells scenery of Tianshuiwei Wetland Park, is a collaboration between SHKP and Changshi (1113), earlier than 2003 After the launch of Huijingxuan in 1966, it was the first wholly-owned project to be sold in Tin Shui Wai for 16 years.
4.2 Billion Consecutive Lands in Wetland Park
After reviewing the information, the Lands Department announced the tender results of two residential plots in Tianshuiwei in mid-2014, both of which were won by the new land with a total value of about 4.19 billion yuan. Each parcel is equivalent to more than 1,800 yuan per square foot.
The site of Wetland Seasons Park in District 115 of Tianshuiwei, the bid price was about 1.968 billion yuan, based on the buildable floor area of about 1.04 million square feet, the floor price per square foot was about 1893 yuan. As for another piece of land in Area 112 of Tianshui Wai, the floor area can be built up to about 1.219 million square feet, the bid price is about 2.22 billion yuan, and the floor price per square foot is about 1822 yuan. As the cost of land price is not high, it means that Xindi has the conditions to better Market-competitive prices opened.
Based on Wetland Seasons Park’s first discounted unit price of 113,000 yuan, although it is close to the second-hand price level, I believe SHKP’s profit will be very substantial this time.
The cost of land is not high
It is worth mentioning that SHKP won the Queen of West Kowloon High Speed Rail Station in November this year with over 42.2 billion yuan. The group’s deputy managing director, Thunder, once told the media: “There is only one high speed rail station in Hong Kong, and the wetland park is in Hong Kong. There is only one, so Wetland SeasonsPark is unique to Hong Kong. “