The final hurdle standing in the way of plans to redevelop three dilapidated buildings in the heart of Causeway Bay may soon be cleared.Two families have decided to auction off their 20 per cent stake in the plot in one of the Hong Kong’s busiest commercial districts, in a move that could pave the way for refurbishment if the majority owner successfully bids for it.According to property agents, the majority shareholder owns 70 per cent of the site, and the further 20 per cent would give it the…
Source : South China Morning Post
Read more…Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK.8 billion
