Property News · July 25, 2017

Tycoon to return Hong Kong’s largest quarry site to government for building 10,000 homes


Tycoon Lui Che-woo, a pioneer in Hong Kong’s quarrying industry who later built his wealth in the property and casino industries, will hand back to the government the city’s largest quarry site to make way for development of nearly 10,000 new apartments.
K. Wah Construction Materials (KWCM), renamed Galaxy Entertainment Group in 2005 and 41.2 per cent owned by Lui – was granted Hong Kong’s first contract quarry rights at Anderson Road, East Kowloon in 1964. The company…

Source : South China Morning Post
Read more…Tycoon to return Hong Kong’s largest quarry site to government for building 10,000 homes

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