The tender for a non-industrial site in Tsing Yi attracted 25 bids on Friday, with developers ignoring the site’s location and small size in a sign of hunger for land in the world’s most expensive city.
The site, at the junction of Liu To Road and Hang Mei Street, has a maximum gross floor area of 102,000 sq ft, and its estimated land premium could be between HK$660 million, or HK$6,500 per square feet, and HK$920 million, or HK$9,000 per square feet.
The site is…
Source : South China Morning Post
Read more…25 Hong Kong and mainland Chinese developers bid for Tsing Yi site despite ‘not that ideal’ assessment















