More than half of the companies that had shown an interest in bidding for the last parcel of land in Hong Kong’s largest residential enclave are expected to stay away, as developers weigh the project’s heavy investment outlay against the city’s weak economy.Industry observers expect only around 10 heavyweight players or consortiums to submit bids for phase 13 development of Lohas Park in Tseung Kwan O when the tender closes on Thursday. The plot, which can yield a total gross floor area of 1.55…
Source : South China Morning Post
Read more…Lohas Park phase 13’s massive investment outlay likely to attract bids only from top developers and consortiums















