密
CONFIDENTIAL #
5 -
Financing 1,000 flats each of 400 s.f.
Private Development
3mn
Joint Venture
$mn
Housing Authority
$mn
1.
Land
.44.0
34.0
34.0
2.
Building
costs
36.0
80.0
36.0
70.0
36.0
76.0
3. Interest
Overheads
12.8
2.8
8.4
2.4
7.0
4.0
#
Capital
cost
95.6
28.7
5
Profit
124.8
6.
Sale pric
price
$124,300
per flat (1-5
$92,100
80.8
11.3
92.1
$81,000
81.0
81.0
密
CONFIDENTIAL
1.
2.
3.
4.
÷ 1,000)
The estimate of $34 million was provided by D.L.S. as the P.it.V. for an actual site in Chai Wen. Competitive bidding could easily result in the estimate being increased to $44 million.
$90 p.s.f. for all.
Private developer may have to borrow at 85 p.a. for 2 years. A J.V. developer may borrow at prime rate (6% for 2 years). H.A. pays no interest on drawings on the H.O. Fund. But as the interest is charged on the sale price at 56 p.a. this item should be included in this table.
Private developers 3%
5. Private developer = 30%.
H.A. = 5%.
J.V. arrangement = 14%.
G.F. 323
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