Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by value, has won the biggest commercial parcel ever sold in the city for a record HK$42.2 billion (US$5.4 billion).The winner beat CK Asset Holdings, a consortium comprising Wharf Holdings, Sino Land, Henderson Land Development, Chinese Estate Holdings and Lifestyle International Holdings.The parcel is located at Austin Road atop the West Kowloon High-Speed Rail station. The winning bid is at the low end of a valuation range of…
Source : South China Morning Post
Read more…Sun Hung Kai pays a record HK.2 billion for Austin Road commercial plot in Hong Kong’s costliest land tender
