Property News · December 23, 2016

Kai Tak government tender attracts at least 15 bids


At least 15 bids from developers have been submitted for a residential site in Kai Tak, the last land tender by the government this year.
The site, known as Kai Tak Area IK Site 2, is located in front of another plot sold to HNA Holding Group for HK$8.84 billion, or HK$13,500 per square foot on November 2.
Midland Surveyors director Alvin Lam said the site could be worth HK$4.59 billion, or HK$8,000 per sq ft.
His projection for a lower valuation takes into account view obstructions in the form…

Source : South China Morning Post
Read more…Kai Tak government tender attracts at least 15 bids

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