Kai Tak site draws leading developers

Business | 8 Nov 2019 5:10 pm

The Kai Tak Area 4A site 2 plot has received at least four bids from developers including Sino Land (0083), CK Asset (1113) and Sun Hung Kai Properties (0016), when tenders closed at noon.

The site has an area of 198,000 square feet and the maximum residential gross floor area is 1.16 million sq ft while the commercial GFA is 40,000 sq ft. Market surveyors valued the site between HK$18 billion and HK$19.8 billion, or HK$15,000 to HK$17,500 per sq ft.

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