A medium-sized residential site in one of the least developed areas of Hong Kong has generated a strong response from developers vying to get their hands on some of the limited land available in the world’s most expensive property market.Twelve bids were submitted for the site – called Area 24 – in the Kwu Tung area of Hong Kong’s northern New Territories before the tender closed on Friday at noon. The developers are betting on future housing demand in the sparsely populated area once transport…
Source : South China Morning Post
Read more…Plot of land in rural Kwu Tung draws strong response from Hong Kong developers betting on future housing demand, transport links















