I think land cost @HK$18374/sq.ft. in Causeway Bay(Luxury Area in HK) is not expensive, especially when considering:
1. 012.HK bought Central land @HK$50,XXX/sq.ft. in 2017.
2. All 014.HK office buildings & malls at Causeway Bay would have at least a "slightly" subjective upward/positive revaluation.
3. 014.HK still have major controlling interest(60%), while investment cost risk is minimised.
4. Nowadays, even "Tuen Mun" residential apartments(e.g. Regency Bay) are selling at around HK$20,000/sq.ft. Unless HK residential apartments are "overvalued", I think the market price of HK office buildings & malls are likely be "undervalued" at this moment.
In short, this investment project to 014.HK is OK.
好股
回覆刪除但未必升
刪除佢現有400萬呎樓面
回覆刪除今次樓面100萬呎 不過今次是合資
14往績眼光一般，九七年摸頂買了娛樂行，又守不住 低價沽出
刪除I think land cost @HK$18374/sq.ft. in Causeway Bay(Luxury Area in HK) is not expensive, especially when considering:
回覆刪除1. 012.HK bought Central land @HK$50,XXX/sq.ft. in 2017.
2. All 014.HK office buildings & malls at Causeway Bay would have at least a "slightly" subjective upward/positive revaluation.
3. 014.HK still have major controlling interest(60%), while investment cost risk is minimised.
4. Nowadays, even "Tuen Mun" residential apartments(e.g. Regency Bay) are selling at around HK$20,000/sq.ft. Unless HK residential apartments are "overvalued", I think the market price of HK office buildings & malls are likely be "undervalued" at this moment.
In short, this investment project to 014.HK is OK.
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刪除