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At least 6 bids have been closed at the commercial site in Central to receive at least 6 bids from Cheung Kong and Xindi.

2021-06-21T23:59:47.334Z

The commercial site at No. 3 (Man Yiu Street) in Central, which will challenge the record of the most expensive land in Hong Kong, launched a tender on December 18 last year. The six-month tender period ended at noon today (18th). According to the government headquarters



Real estate market

Written by: Cai Weinan

2021-06-18 10:50

Last update date: 2021-06-18 14:07

The commercial site at No. 3 (Man Yiu Street) in Central, which will challenge the record of the most expensive land in Hong Kong, launched a tender on December 18 last year. The six-month tender period ended at noon today (18th).

According to the site of the government headquarters, the commercial site received at least 6 bids when the bid was closed at noon. The bidding consortia included Cheung Kong Group (1113), Xindi (0016), Sino Land (0083), and 3 unknown consortia.

At the same time, this morning, a developer also submitted a project design model for the new waterfront commercial site in Central at Wing On Kowloon Centre, Jordan.

Different from the usual practice, due to the "double envelope system" adopted by the Central Commercial District, the relevant bidding documents were submitted at the Government Headquarters. At the same time, the project design model (non-bidding proposal) was placed at Wing On, 345 Nathan Road, Jordan. Submitted by Kowloon Center.

The comprehensive market’s valuation of the above-mentioned land ranges from about 37 billion to 64.5 billion yuan, and the estimated land price per square foot is about 23,000 to 40,000 yuan. Based on the total price, it is the most expensive land in Hong Kong.

Commercial land at No. 3 (Man Yiu Street), New Harbourfront, Central, close to ifc.

(Photo by Luo Junhao)

The floor price is estimated to be about 23,000 to 40,000

According to the data, the above site area is 516,000 square feet, and it is expected to provide 1.843,000 square feet of floor space, mainly for commercial and retail purposes, but also to provide leisure facilities, of which 228,000 square feet of floor space need to be used for the construction of parking lots and government and institutions Or community use.

After deducting the relevant area, the actual remaining commercial floor space is about 1.61 million square feet.

The land is divided into two parts, the north (Site A) and the south (Site B) by Longhe Road. The current General Post Office and the Star Ferry Car Park at Site B will be relocated.

The winning consortium must build a new post office, a public parking lot with 325 parking spaces, and two public toilets.

Among them, the new post office must be returned to the government free of charge after completion before the end of 2027.

Due to the "double envelope system" adopted this time, the government took a long time to review the tenders. The land sale regulations indicated that the results of the land sales could not be announced until November 12 this year at the latest.

The new waterfront commercial site in Central will close the bid this Friday, with a valuation of up to more than 60 billion yuan

Caroline Hill Road commercial land announced the lowest bid price is only 2.1 billion 89% lower than the winning bid

Leung Chikin: Expected to attract Chinese and international investors to bid for the Central Commercial Site

Adopting a double-envelope bidding system for the commercial property in Central, a special eight-person technical advisory group including former officials

Lands Office Finance-Lands Department, Lands Department, Central, New Harbour, Central and Western District, tender for the property market

Source: hk1

All news articles on 2021-06-21

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