Property News · October 5, 2016

Kerry Properties wins Kowloon Tong government site for HK$7.268 billion


Kerry Properties has outbid ten other companies to win a luxury residential site at Kowloon Tong’s Beacon Hill after paying HK$7.268 billion
The price is at the upper end of market expectations that ranged from HK$6.2 billion to HK$7.5 billion.
The Lands Department on Wednesday said the tender for the 235,182 square foot site on Lung Cheung Road was awarded to Kerry’s wholly owned subsidiary, NMC 6 Ltd.
The site is the government’s most expensive land sale this year.

Source : South China Morning Post
Read more…Kerry Properties wins Kowloon Tong government site for HK.268 billion

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