China Resources Land, Poly Property secure Kai Tak site for HK$12.9b

Local | 26 Jun 2019 7:34 pm

China Resources Land and Poly Property Group have secured the lastest residential site in Kai Tak with a HK$12.91 billion bid, the Lands Department reported.

The Kai Tak Area 4C Site 1 at Kai Tak in Kowloon had been valued by surveyors at between HK$12.1 billion and HK$14.3 billion.

The site has an area of about 9,481 square meters and is designated for non-industrial purposes. The minimum gross floor area is 39,821 sqm and the maximum gross floor area that may be attained is 66 367 sqm.

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