BEACONSFIELD HOUSE
BRIEF SUMMARY OF A POSSIBLE J/V DEVELOPMENT
a.
Site area
b.
Plot ratio
c. Floor area
d.
Land premium
e.
Development expenditure
17,700 sq.ft.
15 (non-domestic)
Total gross floor area of 265,500 sq.ft. OR Total lettable floor area of 201,780 sq.ft.,
assuming 76% efficiency.
HK$531 million (i.e. HK$30,000 p.s.f. of site or
HK$2,000 p.s.f. of gross floor area permissible)
$16
HK$431 million (including construction cost
estimated at HK$1,300 p.s.f. of
f.
Development period
2.5 years
•
Apportionment of
(1)
costs
(2)
h.
Apportionment of finished product
(1)
(2)
gross floor area, professional fees at 10% on such cost and financing cost at 10% p.a.)
(excluding time required for land acquisition and design and planning of the development)
HMG will bear HK$515 million (97%) of the land premium upon obtaining the land grant from HK Govt.
The "Developer" will bear HK$16 million (3%) of the land premium and HK$431 million (100%) of the development expenditure and will undertake to complete the development.
HMG will be entitled to 150,000 sq.ft. of lettable floor area.
The "Developer" will be entitled to 51,780 sq.ft. of lettable floor area. Based on a rental value of HK$60 p.s.f., the "Developer" would obtain an internal rate of return in the order of 13%.
₤4000
N.B.
All figures are approximate and indicative only; land premium, costs and rent are based on current day levels.
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