Property News · May 10, 2017

New World Development wins commercial site in Cheung Sha Wan for HK$4.03bn


Hong Kong developer New World Development beat out seven developers with a HK$4.03 billion (US$52 million) bid to win its second plot in Cheung Sha Wan, bringing its investment in the area to HK$11.8 billion in less than three months.
The Hong Kong Lands Department said on Wednesday it awarded the tender for a commercial site at Lai Chi Kok Road near Cheung Shun Street to Good Sense Development, whose parent is New World Development.
“The price is reasonable. We have seen sales of…

Source : South China Morning Post
Read more…New World Development wins commercial site in Cheung Sha Wan for HK.03bn