Property News · March 7, 2019

Joint ventures the only way out for developers eyeing huge commercial site atop high-speed rail terminus worth US$14 billion


Even the wealthiest of Hong Kong developers do not have enough cash to bid individually for a prime commercial site atop the high speed rail terminus in Kowloon that is likely to fetch about HK$110 billion (US$14 billion), which will compel them to form consortiums to spread the risk of developing such a huge project, say market watchers.The government is determined to sell the 632,917 square foot plot, expected to yield a total gross floor area of 3.16 million sq ft, as a whole. It is also…

Source : South China Morning Post
Read more…Joint ventures the only way out for developers eyeing huge commercial site atop high-speed rail terminus worth US billion