SHKP wins hotly contested plot of land in Sha Tin for price at mid-point of estimates

Quick Summary:

The amount paid – HK$3,952 per square foot – was less than half the price commanded by a comparable parcel of residential land sold off by the government almost two years ago in the same area.

Other developers to submit bids included CK Asset Holdings, Sino Land, Great Eagle and Citic Pacific, the department had revealed on Friday.

SHKP was the winner in a field of 11 bidders for the 2,425 square-metre site in Yuen Shun Circuit in Siu Lek Yuen, Sha Tin, the only residential plot offered during the April to June quarter.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Land Residential Million According Department Price Flats Square Parcel Foot Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 20:28:36 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21664515

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