Property News · February 25, 2019

Lantau Island land plot sells for 50pc above expectations, driven by Greater Bay Area ‘fever’


A plot of land in the south of ­Lantau sold for HK$1.13 billion (US$143.96 million) on Monday, beating market forecasts by as much as 50 per cent amid optimism about the spin-off benefits arising from the “Greater Bay Area” development plan.Huge Choice Group, an affiliate of mainland developer Agile Group, won the tender for HK$12,740 per square foot, the Lands Department said.The director of Huge Choice Group is Chan Cheuk Yin, according to records on the Integrated Companies Registry…

Source : South China Morning Post
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