Property News · December 22, 2017

Hong Kong’s nano land site in the New Territories draws interest from small developers


A residential site in Hong Kong’s New Territories, which is equivalent to half the size of a basketball court and the smallest plot offered by a government tender in a decade, has drawn strong response.
The Lands Department said it had received 19 bidders for the lot after the tender closed on Friday. The site is expected to fetch HK$60 million (US$7.69 million) to HK$75 million, or HK$6,500 to HK$8,000 per square foot, according to property consultants.
The sale has mainly drawn bids…

Source : South China Morning Post
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