Sun Hung Kai Properties (SHKP), one of the city’s biggest housebuilders, has reached an agreement with Hong Kong’s government to build more than 5,000 villas and medium-rise flats on a converted piece of farm land in Sai Kung, in a massive project. .
The conversion of 4.97 million square feet of farmland at Shap Sze Heung near Sai Sha Road requires SHKP to fork out HK$15.9 billion (US$2 billion) in premium to the government, the highest ever paid in the city, a sum that the…
Source : South China Morning Post
Read more…SHKP pays record HK.9 billion premium to convert Sai Kung farmland into housing project















