Property News · December 1, 2017

City’s builders dominate Wong Chuk Hang land sale, regaining upper hand over Chinese rivals


A plot of residential land for sale by tender in the south of Hong Kong Island may be the latest proof that local developers are close to regaining the upper hand in the competition for space to build their projects.
A plot next to the Wong Chuk Hang subway station, which can yield 492,990 square feet of total floor area for 600 homes, may fetch up to HK$10 billion (US$1.28 billion) by tender.
A total of 10 bids were received for the sale, which closed at 2pm on Friday, dominated by local…

Source : South China Morning Post
Read more…City’s builders dominate Wong Chuk Hang land sale, regaining upper hand over Chinese rivals