Henderson Land Development paid an eye-watering HK$13.7 billion (US$1.75 billion), or 37 per cent more than the next best bid, for a harbourfront plot in Central last month.Pacific Gate Development, a unit of Henderson had bid a record HK$50.8 billion to bag a 50-year land grant for the New Central Harbourfront Commercial Site 3 in front of the old General Post Office and next to the International Finance Centre.Only two of the six bids, including Henderson’s, met the reserve price for the 516…
Source : South China Morning Post
Read more…Central harbourfront site: Henderson’s US.5 billion bid 37 per cent higher than next best offer
