Hong Kong developers Sino Land and CSI Properties are teaming up to develop a 43,400 square foot MTR site in southeast Kowloon’s Yau Tong – a traditional industrial area where analysts see huge potential for future residential development.
The winning bid was not disclosed, but the land premium paid for the site was confirmed at HK$1.515 billion (US$193 million), or HK$4,657 per square foot. Market watchers expect the selling price could have been as high as HK$20,000 per…
Source : South China Morning Post
Read more…Sino Land, CSI join forces to win Yau Tong land site, adding even more appeal to former Kowloon industrial area















