Property News · September 27, 2016

Prime site in Kowloon Tong’s Beacon Hill expected to sell for more than HK$7 billion


Aggressive bidding from Hong Kong and mainland developers could push the price for a large luxury residential site at Beacon Hill in Kowloon Tong as high as HK$7.2 billion by the time the tenders close on Friday.
The 235,182 square feet (sq ft) site on Lung Cheung Road is next to a plot sold to Kerry Properties in February for HK$2.38 billion, or HK$21,000 per square foot, a record for the area.
Thomas Lam, head of valuation and consultancy at Knight Frank, has an estimate on the Beacon Hill…

Source : South China Morning Post
Read more…Prime site in Kowloon Tong’s Beacon Hill expected to sell for more than HK billion

You may also like...