Real estate market
Written by: Xu Shihao
2019-11-27 20:22
Last updated: 2019-11-27 20:22The commercial landlord on the West Kowloon High Speed Rail Station was eventually acquired by Sun Hung Kai Properties (0016) for 42.232 billion yuan, with a floor price of 13,345 yuan per square foot, and the transaction price broke the official record.
Guo Binglian, chairman and managing director of SHKP (0016), said that he was very pleased with the bid. He pointed out that the site is the largest commercial land in Hong Kong in recent years, occupying a geographical advantage and is extremely rare. It is not only located on the top of the high-speed rail station, but also near the Airport Express Line, the MTR Tung Chung Line and the West Rail Line. The transportation hub runs through various districts of Hong Kong and major cities in the Mainland, and connects the airport with the airport by rail.
Other investors will be invited to participate in the development
He pointed out that the successful bid was of great significance to SHKP and Hong Kong. The Group intends to invite other long-term strategic investors to participate in the development and inject richer and diversified resources and concepts into the project. It is believed that the completion of the project will provide the Group with The stable and considerable rental income further strengthened the long-term development of the Group.
Guo Binglian pointed out that the experience of the International Trade Plaza (ICC) will help the group develop the land into a landmark comprehensive commercial project. (Profile picture)
Guo Binglian: SHKP confident in Hong Kong's prospects
Guo Binglian mentioned that the project is located on the top of the high-speed rail station. In the future, whether the company enters the project or the adjacent International Trade Plaza (ICC), it will benefit from the high-speed rail, the world's largest high-speed railway network. A high-speed rail station is extremely important for Hong Kong to seize the development opportunities of the Greater Bay Area and has great strategic value.
Guo Binglian said that SHKP has always been confident in Hong Kong's prospects. The land won this time will develop into a new landmark comprehensive commercial project, and play a synergistic effect with ICC. It is comparable to ifc in Central, and it is Hong Kong ’s international financial, commercial, and trade Central position contributes.
He mentioned that the successful development and operation of the ICC over the past ten years is a testament to SHKP's in-depth knowledge and rich experience of West Kowloon. In addition, the government is investing a lot of resources to develop the West Kowloon Cultural District. The entire area will become Hong Kong and the Greater Bay Area. Is an important commercial, retail, cultural, entertainment and transportation hub, providing more than 8 million square feet of Grade A office space, approximately 3 million square feet of retail and entertainment facilities, and five-star hotels.
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