Property News · November 27, 2019

Sun Hung Kai pays a record HK$42.2 billion for Austin Road commercial plot in Hong Kong’s costliest land tender


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