Property News · February 16, 2022

SEA Holdings wins Repulse Bay plot for US$153 million, sets record for land sold through government tender


A small plot in Hong Kong’s upmarket Repulse Bay residential district on Tuesday set a price record for land sold through government tender, reflecting developers’ confidence in the high-end property segment even as the pandemic dampens the overall market sentiment.Success Energy, a unit of Hong Kong-listed SEA Holdings, won the parcel at South Bay Road, Repulse Bay, for HK$1.19 billion (US$153 million). The site is located just three minutes from the popular Repulse Bay Beach located in the…

Source : South China Morning Post
Read more…SEA Holdings wins Repulse Bay plot for US3 million, sets record for land sold through government tender