Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok,Leung Yuk Cum) Peter Woo's Wheelock Properties repeatedly bidding TKO lands n recent years,its land reserve can be described as almost same with SHKP,its territory gain another victory yesterday,extended to Lohas Park station area.MTR announced yesterday, Wheelock Properties acquired development rights LOHAS Park Phase 5 projects that can be built together with 1,600 units in large projects, Wheelock Properties in Tseung Kwan O area of land reserves can be built more than 4,000 units.LOHAS Park Phase 5,ready to invest about HKD $8.0 ten billion to develop,the future units with multi-intervals,provided units with 1-bedroom to 3 bedrooms.
First three phases of LOHAS Park in Tseung Kwan Oby MTR have been developed by CKH, Nan Fung Development,SHKP winning the bid of Phase 4 in April this year,success in to open the gap'of LOHAS Park.Yesterday, the MTR and then released the bid LOHAS Park Phase 5 won by Wheelock Properties,which will enable the district to re-shuffle the territory,forming Cheung Kong,SHKP, Wheelock Properties 'third world' pattern.
To be built small and medium residential units
Wheelock Properties chairman Stewart Leung said in an interview yesterday,LOHAS Park Phase 5 which just won the bid by the group will be built three residential buildings, including units with 1-bedroom to 3-bedrooms interval and even the total investment will reach HKD $8.0 ten billion building fees. Asked again whether to bid for the other periods of LOHAS Park in future, he simply said that more construction costs and dividend ratio is calculated before making a decision. WPL press release published yesterday, said the project near LOHAS Park MTR station,connecting the shopping mall, with open sea views and views of verdant landscape,will provide small and medium sized residential units in the future.
Cushman & Wakefield Valuation Consulting Greater China director Cheung Kiu Choi said each period of LOHAS Park were with great size, so the developers in the past were based on large-developers,of which Cheung Kong, Sun Hung Kai Properties,Wheelock Properties have development experience in Tseung Kwan O. However, Cheung Kong has been two years without buying land in Hong Kong, is not intended to cast high,SHKP was carrying a lot of land reserves, the capital was dispersed and ultimately LOHAS Park Phase 5 won the bid by another 'TKO large landowners'Wheelock Properties wasn't rare.
WPL recent vote in an extremely positive attitude, our statistics, Wheelock Properties bought since January 2012 TKO south along the first site, after a series of buying the same area of land within the past three years, together with LOHAS Park Phase 5 which have jest bidded,WPL has already bought five landa in Tseung Kwan O,involving 4, 121 units,of which LOHAS Park Phase 5 with largest buildable of 1,600 units.TKO south along the four buildable land with totaling 2,521 units.
Expected every residential projects by the group will cause synergies
Cheung Kiu Choi believe WPL "joined" into the Lohas Park development, favorable for the development of the entire region, will help introduce competition, prices for the same area have a positive effect. Wheelock land in Tseung Kwan O South, which has recently started selling 66B2 Tseung Kwan O Area (The Parkside),the market reaction ideals within the group can play a synergistic effect of each line of each residential projects in the future. He also believed that more and more developers "stationed" Lohas Park, bidding for the other installments in the region in the future there are indicators and stimulation.
Retrieve information, Wheelock Properties and MTR is already "old partner ',there are a number of experience working on many occasions in the past,have residential development sites, including Sorrento in Kowloon Station and The Austin and Grand Austin in Austin Station and so on.
The development of LOHAS Park Phase 5 was quite sizable,future can be built more than 1.1 million square feet of residential floor area,it is expected to provide 1,600 units,with the average per unit area of about 688 square feet. The terms set out in the tender, project premium as low as HKD $2.06425 ten billion, only HKD $1,874 per square foot premium,9% lower than the price of Phase 4 which sold in April.Also set up separate dividend ratio threshold,at least 10%, although no pre-construction costs (commonly known as the entrance fee), but the developers are required to bear the cost of construction of public transport interchanges.
