When Sun Hung Kai Properties (SHKP) paid a record HK$42.23 billion (US$5.43 billion) in November 2019 for a site atop West Kowloon station, it was undoubtedly the most eye-catching land transaction of the year because of the sheer size of the development and price tag.
What made it interesting was that the tender was conducted at a time when political and economic uncertainties surrounding Hong Kong were intensely high. Despite a successful sale, the result was considered “disappointing” as…
Source : South China Morning Post
Read more…Sun Hung Kai’s record US.43 billion purchase of West Kowloon site shows long-term confidence in protest-hit city















