Property News · March 17, 2017

Murray Road car park is first grade-A commercial site to go on sale in Central for 20 years


The government is to kick off the tendering process for Hong Kong’s first grade-A commercial site in Central in 20 years, as record prices continue to be paid in the city, especially by mainland developers.
The plot, on Murray Road, is one of the two commercial sites put out to tender on March 31, Lands Department said on Friday.
Thomas Lam, a senior director at Knight Frank expects the prime site to fetch as much as HK$18.6 billion (US$2.4 billion), or HK$40,000 per square foot.
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Source : South China Morning Post
Read more…Murray Road car park is first grade-A commercial site to go on sale in Central for 20 years