Property News · February 15, 2019

Sun Hung Kai Properties wins Tai Po land parcel at auction for HK$6.31 billion


Sun Hung Kai Properties won a residential parcel in Tai Po for a higher-than-expected HK$6.31 billion (US$804 million) on Friday, its second successful government land tender in a month.
The price translates to HK$6,646 per square foot, 69 per cent higher than the previous site in the area which sold for HK$3,932 per square foot in 2016 to Sino Land but still 8.8 per cent lower than the peak of HK$7,284 per square foot paid by Sino Land in 2009 for the site now home to Mayfair by The Sea II….

Source : South China Morning Post
Read more…Sun Hung Kai Properties wins Tai Po land parcel at auction for HK.31 billion

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