Tuen Mun residential site draws 18 bids

Business | 23 Aug 2019 4:51 pm

The Tuen Mun town lot No. 549 at the junction of King Sau Lane and King Fung Path in Tuen Mun, New Territories, received at least 18 tenders before bids closed at noon.

Developers who made offers include K&K Property, Chevalier International (0025), Emperor International (0163), Far East Consortium International (0035), Wang On Properties (1243) and Chinese Estates (0127), Sino Land (0083), and K. Wah International (0173).

The residential site has an area of about 11,000 square feet. The maximum gross floor area is 38,000 sq ft. Surveyors have previously valued the site at between HK$170 million and HK$230 million, or HK$5,000 to HK$6,000 per sq ft.

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