Articl from With Hong Kong tourists on hotel demand rising, starting Kowloon East and the Kai Tak cruise terminal effect, Ideal Group to invest 10 billion HKD to its activation of three projects for hotel development, involving a total of more than 400 rooms . Other industrial and commercial property investors are also optimistic about the East Kowloon promising, the annual investment amount overweight, which experienced investor Li Guanliang they intend overweight by about $ 100 million focus excavations East Kowloon property investment.
The ideal Group Chief Executive Officer Jian-ming, said yesterday that its Kwun Tong former ideals Group site has application activation for the hotel, it is estimated that the short term can be granted, a total investment of about 300 million HKD, provide between 174 suites, planned to be completed in the second half of 2014. 179-181, Bulkeley Street, Hung Hom site, will also be for hotel development offers 64 rooms, is expected to be completed in 2015; Luen Fat Street, Former Fanling Theatre, also apply for conversion to hotel use, will provide The 170 rooms and 4-storey shopping center, will be completed in 2016. The three Group will provide a total of more than 400 rooms, a total investment of $ 10 billion.
The Kowloon Tong bungalow start this year
He also said that 38 Pak Tin Par Street, Tsuen Wan industrial buildings have been refurbished, the property has 12 floors, with a total gross floor area of about 63,000 square feet, and part of the floor later activation for retail purposes, will remain part of the floor own use, some floor rental, it is estimated that between 10-15 HKD sq.ft Rent. In addition, the Kowloon Tong residential project will build two houses to commence this year, the first quarter of 2015, the occupation, only the sale of which one.
Joey Tang pointed out that industrial properties in East Kowloon per sq ft to approximately $ 5,000 level, the Group's future tendencies activation-based investment district-wide industrial buildings and land plant-based, it is expected that this year's total investment of approximately $5-10 billion HKD.
Lee Koon Leung: pay attention to the West, Central, Sheung Wan shop
In addition, sophisticated investor Lee Koon Leung pointed out that the amount of personal investment in industrial and retail properties last year, about 2 million, the hands of the industrial and retail properties have been entertained, in view of the development of East Kowloon mature investment will be slightly more than last year, about 200 -300 million HKD has risen due to the district office value of a certain level, so pay attention to the Kwun Tong industrial buildings dominated the 5 percent rise expected this year, property prices; shops will pay attention to the low-water areas of the Sheung Wan on Hong Kong Island and West Central district.
18 million share of the mainland visitors Kwun Tong industrial buildings
The mainland buyers difficult arrived attract, invested $ 18 million into the market. Central Plains (CIS) Li Wenguang said Delong Industrial Building, Kwun Tong top-level layer, the total gross floor area of approximately 7,000 square square feet, and earlier this month sold with tenancy, the trading price of nearly $ 18 million, about $ 2,571 PPSF, new buyers for mainland investors. Units were active, just changed hands three times in the six months between investors in June last year, spent about 900 million HKD to purchase the above address, hold stocks for less than 2 months, then work out to approximately $ 13.6 million to another investor . The investor to complete the transaction after units put on the market, the units are about $ 18 million to undertake the final occasion, buyers, the investors carrying still report a profit of about 440 million, and the property is just 7 months cumulative increase of more than 1 times.
Hong Kong Home Extreme Business Tseng Yang said, King Palace Plaza Kwun Tong 33 Sale, approximately 12,682 square square feet of floor area, owns a full sea view, intention amounting to about 152 million HKD, approximately 1.2 million sq ft price to pay The guitar style transactions; property leasing per square foot of about $ 30.
