Property News · February 4, 2020

Coronavirus fails to stop Hong Kong developers as new site in Lohas Park draws nine bids


Not even the coronavirus outbreak is stopping Hong Kong’s biggest developers from bidding for the biggest plot of land within the Lohas Park residential development in New Territories. The land tender also came with a sweetener in lower land premium.There were nine bids for the 961,100 sq ft (89,290 sq m) lot of land in southeastern New Territories at the 2pm local time deadline on Tuesday, according to MTR Corporation. The plot can accommodate up to 2,000 homes, making it the largest among the…

Source : South China Morning Post
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