CK Asset Holdings, the property conglomerate chaired by Victor Li Tzar-kuoi, has won the tender for Hong Kong’s most expensive railway development, paying an estimated HK$37.65 billion (US$4.79 billion) for the Wong Chuk Hang site.
CK Asset, which Li took over from his father formally in May, beat out several other Hong Kong developers including Sun Hung Kai Properties, Henderson Land Development, Chinachem Group and a consortium consisting of New World Development, Wheelock Properties…
Source : South China Morning Post
Read more…Victor Li’s CK Asset wins US.8 billion tender for Hong Kong’s most expensive rail development
