Property News · May 8, 2018

Sino Land, CSI join forces to win Yau Tong land site, adding even more appeal to former Kowloon industrial area


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