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Developer to pay $1.2b land premium for Kowloon site
Transactions - NOVEMBER 1, 2021

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Developer to pay $1.2b land premium for Kowloon site

by Andrea Zander

Kowloon Development Co. has acquired a 22,373-square-meter (240,821-square-foot) site for $1.24 billion, according to a filing. The location of the site was not disclosed, but it is identified as New Kowloon Inland Lot No. 6458.

The firm has plans to build five residential towers on the new site over a retail shopping center.

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