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Repulse Bay luxury land king on Friday, the tender closing surveyor is expected to receive 8 tenders with a valuation of 75,000 per square foot

2022-02-07T05:26:25.585Z


In recent years, the price per square foot of the super luxury housing market has repeatedly hit new highs, and the market transaction is hot. The luxury residential land on Nanwan Road in Repulse Bay, which is the king of the land price per square foot in Hong Kong, will close on this Friday (11th). The market expects that this luxury residential land will eventually be available


In recent years, the price per square foot of the super luxury housing market has repeatedly hit new highs, and the market transaction is hot.

The luxury residential land on South Bay Road in Repulse Bay, which is the king of the land price per square foot in Hong Kong, will close on this Friday (11th). The upper limit is as high as 75,000 yuan, which is likely to challenge the record price per square foot of residential land in Hong Kong.

The luxury residential site is located at Rural Housing Lot No. 1203, covering an area of ​​approximately 21,173 square feet and designated for private residential use.

The maximum buildable floor area is about 19,056 square feet, and the estimated value ranges from about 950 million to 1.424 billion yuan.

In the future, 110,000 bungalows will be sold for 140,000 square feet.

Zhang Qiaochu, managing director of Hongliang Consulting and Appraisal, predicts that consortia interested in the luxury residential site include traditional developers, funds and private investment consortia, and are expected to receive 8 or more tenders in the end.

He predicts that the land price per square foot of the luxury residential land can reach 75,000 yuan, and the total price is as high as about 1.424 billion yuan. It is also expected that the winning consortium will build 3 to 4 houses and 1 to 2 low-density stratified residences.

After the project is completed, it is expected that the price per square foot of strata residential units can reach 110,000 yuan, and the price per square foot of bungalows can be as high as 143,000 yuan.

The Peak Man Fai Road Residential Land King 50,000 psf

Looking through the information, the most expensive residential land in Hong Kong is the residential land at No. 9 and 11, Man Fai Road, The Peak. "The consortium formed by Liu Luanxiong's wife, Chen Kaiyun, and Liu Luanxiong's brother, Liu Luanhong, chairman of Lifestyle International (1212), won the land. The land price per square foot of the site is 50,010 yuan.

Tung Chung's commercial ground floor bid was re-launched on Friday. The closing bid was on the 25th of next month. Chinachem won the residential land in Tai Po Kau for 1.368 billion yuan, which was 4% higher than the second bid. Chevalier International won the industrial land in Fanling for 297.4 million yuan. The lower limit of 3%, the Fanling Onju Street Industrial Site, the closing bid this Friday, with a maximum valuation of 368 million

Source: hk1

All news articles on 2022-02-07

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