The government announced yesterday (30th) that the minimum unit area was first added to the land sale terms, and the minimum unit area for residential land on the Castle Peak Road-Tai Lam section in Tuen Mun was first implemented to be about 280 square feet.
Some scholars believe that the relevant square footage limit is appropriate. It is expected that although the unit size will increase, the property price will also rise, but it is believed that the difference between the first phase is only a few hundred thousand yuan, and the public can still afford it.
Scholars also emphasized that if the unit size is small, the developer's cost will be higher; the affordability of the public will not change proportionally according to the unit size.
Many new properties in Hong Kong are sold for "easy-to-car" prices. In recent years, "Nano Buildings", which are the same size as sub-divided houses, have been launched.
(Information Picture/Photo by Zhang Haowei)
Pan Yongxiang, a senior lecturer in the Department of Construction Technology, City University, today (31st), on the Hong Kong and Taiwan program "Millenniums", believes that the relevant size limit is appropriate. It is estimated that the 280 feet is mainly related to the opening. It would be difficult to do without a work terrace.
As for the increase in unit size, does it mean that it will increase the burden on the public?
Pan believes that affordability requires consideration of multiple factors, including consumption of building materials. If the unit area is small, public space and pipes will increase. "If the size of the unit is smaller, half of the 280 feet will be changed to 140 feet. The usable space will be much less than half, and the developer's cost will be high. A lot, the price per square foot will be high."
He emphasized that the affordability will not be reduced in proportion to the area of the unit. "If the area is 10% more, the price of the property will be 10% higher."
When asked about the reduction in supply units, whether property prices will push up, Pan Yongxiang believes that the increase in unit size will definitely lead to higher property prices, but it is estimated that the difference between the first phase is only a few hundred thousand yuan, and I believe the public will be able to afford it.
He also predicted that the government hopes to "test the market response this time. If there is not much public opinion, it will add clauses in the future." This will reduce the supply of nano-buildings in the long run.
As to whether the practice will cause the public to snap up the nano-buildings in the future?
Pan Yongxiang pointed out that nano-buildings accounted for a small proportion of the market. "The citizens are smart. Developers get smaller and smaller. The price per square foot must be much higher. Why don't you buy second-hand properties?" In addition, he disagrees with the argument that the plot ratio should be relaxed. .
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Land Development Council Leung Chi-kin: There is no reason to set a lower limit for the area of some new projects. "It’s too thin and doesn’t look like". The floor area of Tuen Mun residential buildings is set for a lower limit. The minimum floor area of Lam Crown Land is 280 feet. The Development Bureau announced this afternoon the chief executive of the land sale plan: Units will have a minimum floor area. The per capita living area is only 48 feet, such as a table tennis table. For example, the "pig skull" is so small that it can only be "accepted with tears"
