Wheelock Properties wins plot for $540m
Wheelock Properties has paid HK$4.19 billion ($540 million) for a plot of land located Kwu Tung, an area in the northern New Territories, west of Sheung Shui and Fanling, and east of Lok Ma Chau and San Tin, in Hong Kong. Fanling Sheung Shui Town Lot No. 278 has a site area of about 7,624 square meters (82,064 square feet) and is designated for non-industrial (excluding hotel and petrol filling station) purposes. The minimum gross floor area and the maximum gross floor area are 27,447 square meters (295,437 square feet) and 45,744 square meters (492,384 square feet), respectively.