Property News · December 23, 2020

Wharf Development pays US$1.5 billion for Peak plot, sets record for most expensive residential site sold by government tender


Wharf Development has agreed to pay a higher-than-expected HK$12 billion (US$1.5 billion) to become the owner of the first residential land parcel to be sold since 2010 in Hong Kong’s most exclusive housing enclave.At HK$46,272 per square foot, the sale has also set a record for Hong Kong’s most expensive residential site sold by government tender in terms of square footage. Back in 2006, Sun Hung Kai Properties splashed out HK$1.8 billion, or HK$42,196 per square foot, for the site of luxury…

Source : South China Morning Post
Read more…Wharf Development pays US.5 billion for Peak plot, sets record for most expensive residential site sold by government tender

You may also like...