Property News · August 7, 2018

Wong Chuk Hang Station draws few bids from property developers as site requires huge investment


A major land site in Hong Kong’s Wong Chuk Hang area has received lukewarm response from developers as it will require as much as HK$37.65 billion (US$4.79 billion) to develop and could become the city’s most expensive real estate on the railway line by 2024.
Five bids were received for phase three development of the site next to the Wong Chuk Hang Station when the tender closed at 2pm on Tuesday, according to the MTR Corporation.
Sun Hung Kai Properties, CK Asset Holdings,…

Source : South China Morning Post
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