Property News · January 19, 2018

Kwun Tong residential site attracts 25 bids despite concerns over infrastructure capacity


Developers’ enthusiasm for land tenders has shown no signs of easing – a residential site in Hong Kong’s Kwun Tong has attracted stronger than expected interest. But valuers said infrastructure in the region might not be able to support the extra population.
A total of 25 developers submitted bids before the tender closed on Friday noon, according to the Lands Department.
The lot, at the former Anderson Road Quarry in north Kwun Tong, has a site area of 57,631 sq ft. With a…

Source : South China Morning Post
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