CK Asset Holdings has won the bid for Hong Kong’s first-ever plot of land earmarked for a mixture of private and government-subsidized homes developed by private builders, for a price at the lower end of market expectations.
The sales price was $639 million.
It is located on Anderson Road in Kwun Tong.
The site can yield about 1.09 million square feet. Total investment in the project could amount to HK$9 billion to HK$10 billion ($1.16 billion to $1.29 billion), reported South China Morning Post.
