Sole bidder Sino Land gets Lantau Island plot for 20% below market value
It is the only residential plot of land available in Hong Kong in the current quarter. It had been valued at about HK$245 million based on a gross floor area of 81,666 square feet, which translates to HK$3,000 per sq ft, Midland Surveyors estimated. The developer won the 1.9-hectare parcel in…
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