Property News · May 19, 2026

Non-traditional bidder tops titans’ bids in Hong Kong land sale with ‘aggressive pricing’


Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city.
Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant for the 152,332 sq ft plot, according to a statement from the Lands Department on Tuesday.
The winning bid topped analysts’ estimates, which ranged between…

Source : South China Morning Post
Read more…Non-traditional bidder tops titans’ bids in Hong Kong land sale with ‘aggressive pricing’