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Transactions - MARCH 10, 2016

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Goldin buys Hong Kong land for $821m

by Andrea Waitrovich

Goldin Financial Holdings has purchased a plot of land in Kowloon, China, for $821 million from the Hong Kong Lands Department. The firm has plans to develop a residential tower.

The 97,700-square-foot site in Ho Man Tin could be developed into 586,000 square feet of residential space.

Other recent parcels purchased for development include Tai Po Town Lot No. 221, which sold for $274 million to China Overseas; New Kowloon Inland Lot No. 6534, which China Vanke purchased for $168 million; and Yuen Long Town Lot No. 532, acquired by Sino Land Co. for $218 million.

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