Property News · August 18, 2021

CK Asset beats 15 rivals with US$91.8 million bid for Yuen Long plot


CK Asset Holdings won a tender for a land parcel at Yuen Long in the New Territories, as it beat 15 rivals with a higher than expected bid amid a sizzling housing market in Hong Kong.Hong Kong tycoon Victor Li Tzar-kuoi’s company bid HK$716 million (US$91.8 million) for the land at the junction of Lau Yip Street and Chung Yip Road, which can yield a gross floor area of 78,575 sq ft, the Lands Department said on Tuesday evening. The price per square foot works out to about HK$9,112.CK Asset paid…

Source : South China Morning Post
Read more…CK Asset beats 15 rivals with US.8 million bid for Yuen Long plot

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