Core Viewpoint - The Hong Kong Lands Department has awarded a site in Tuen Mun to Tianheng Limited, a subsidiary of Sun Hung Kai Properties, for HKD 1.089 billion, which is approximately 38% higher than the upper market valuation [1] Summary by Sections Company Insights - Sun Hung Kai Properties' Executive Director expressed satisfaction with the acquisition, highlighting the site's advantageous location and robust transportation network [1] - The project is seen as a valuable addition to the company's land reserves, reflecting confidence in Hong Kong's future [1] Market Context - The site received eight bids, with notable competitors including Cheung Kong (Holdings), Poly Property, K Wah International, and China Overseas [1] - Market estimates for the site's valuation ranged from HKD 420 million to HKD 790 million [1] Development Potential - The site covers approximately 47,000 square feet, with an estimated buildable area of about 282,000 square feet based on a plot ratio of 6 [1] - The development is expected to yield over 500 residential units, primarily targeting small to medium-sized apartments [1]

智通财经APP获悉，香港地政总署公布，屯门海珠路屯门市地段第569号的用地，以10.89亿港元批予信 和置业(00083)旗下天衡有限公司，批租期为50年，每呎楼面地价约3860港元，较市场估值上限高出近 38%。信置执行董事田兆源表示，非常高兴投得地皮，认为项目位置优越，交通网络四通八达，背靠大 湾区，加上受惠北部都会区发展机遇，项目极具发展潜力，形容为集团土地储备增添一幅上佳地皮。他 又重申，集团对香港前景充满信心。 该地皮于上周五(8日)截标，并接获8份标书，包括长实(01113)、保利置业(00119)、嘉华国际(00173)、 中海外(00688)、会德丰地产、信置等均有递交标书。综合市场估算，该地皮估值由4.2亿至7.9亿港元。 项目地盘面积约4.7万平方呎，若以地积比率6倍计算，估计可建楼面面积约为28.2万平方呎，地皮发展 规模适中，估计可兴建逾500个住宅单位，以中小型户为主。 ...