Property News · July 21, 2017

Sino Land pays record HK$1.38 billion for site in Ma On Shan


Sino Land has won a residential land plot in Ma On Shan, in Hong Kong’s New Territories, for HK$1.38 billion, setting a new record for the area.
Pacific Asia Limited, a subsidiary of Sino Land outbid 29 other bidders for the government tendering process, including several mainland Chinese developers, according to the Lands Department.
The Ma On Shan site has a maximum gross floor area of about 119,000 square feet, with average land prices reaching HK$11,588 per square foot, an 80 per cent…

Source : South China Morning Post
Read more…Sino Land pays record HK.38 billion for site in Ma On Shan

You may also like...