2025-09-11 Squarefoot Editor
The fourth wave of new crown pneumonia is severe, but the MTR has not slowed down its land sales deployment. Yesterday, it announced its intent for the development of Wong Chuk Hang Station Phase 5 starting today, and the deadline will be next Tuesday (22nd) afternoon. According to the information, Phase 5 is located on the east side of the Wong Chuk Hang Station project, with a residential floor ceiling of 636,152 square feet and no more than 1,050 units. Some surveyors estimate that, together with factors such as land premium and dividends, the project can reach a land price of 16,000 HKD per square foot, with a valuation of about 10.1 billion yuan. ■reporter Yan Lunle
MTR announced at the beginning of this year that it will launch two residential land tenders in this fiscal year. The 13th phase of LOHAS Park was approved at the end of October and was a joint venture between Sino Land, Kerry, K. Wah and China Merchants Land. One and a half months later, the MTR started the tendering process for another Wong Chuk Hang Station Phase 5. The letter of intent was announced yesterday, starting today, and it will end next Tuesday.
The land price per square foot is expected to reach 16,000
Zhang Qiaochu, managing director of Hongliang Consulting and Evaluation, predicts that Wong Chuk Hang Station Phase 5 will be sought after by developers. Together with factors such as land premium and dividends, it is expected that the land price per square foot can reach 16,000 yuan. Based on the total floor area, the valuation is about 10.1 billion yuan. After completion, it can be sold for 25,000 HKD per square foot.
According to the announcement by the MTR, the entire Wong Chuk Hang Station development project covers an area of about 7.17 hectares, and will build 14 high-rise buildings from 27 to 38 floors, with a residential floor area of about 3.86 million square feet and providing about 4,700 units. It also provides a 506,000 square foot shopping mall, as well as other public transportation interchanges and social welfare facilities.
Looking at the information, the Wong Chuk Hang site building started to be launched in 2017. The first phase was won by Ping An Real Estate and Road King Infrastructure in March 2017. It can build 576,950 square feet, and the land premium is 4.684 billion yuan, 8 per square foot.119 yuan, providing about 800 units; in December of the same year, Sino Land and Kerry won the bid, which can build 492,991 square feet, and pay a land price of 5.213 billion yuan, 10,576 HKD per square foot, providing about 600 units. At present, the first and second phases have applied for pre-sale consent.
2017 Phase 1 land replenishment price 8119 HKD per square foot
In the third phase, Cheung Kong won the bid in August last year. It can build 1,505,884 square feet (including shopping malls). The land premium is 12.971 billion yuan, 8,614 HKD per square foot, and no more than 1,200 units will be provided. The fourth phase was won by the joint consortium of Kerry Properties, Sino Land and Swire Properties in October last year. The residential floor area is approximately 638,300 square feet. The land premium for the project exceeds RMB 6.757 billion, and the land premium per square foot is RMB 10,587. There are not many units. In 800 units.
Together with the fifth phase of today's bidding, Wong Chuk Hang Station has started a total of 4,450 units including the bidding process, including the bidding process, and only phase 6 has not been launched on the market.
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| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |