Richard Li Tzar-kai’s Pacific Century Premium Developments will partner with Hong Kong-listed CSI Properties to jointly develop a prime residential site near the city’s main business and nightlife hubs.
According to a statement by CSI, the site of around 11,700 square feet, at No 3-6 Glenealy, Central, can be redeveloped into a new premium residential tower.
CSI will receive HK$2.02 billion (US$258.2 million), as well as 50 per cent of future profits in the project, the…
Source : South China Morning Post
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