Saturday, January 31, 2015   

Wheelock wins Kai Tak site for HK$2.52b
(05-28 18:46)

Wheelock (0020) outbid 11 others to grab a site in Kai Tak for HK$2.52 billion, higher than market estimates.
The site has a site area of 7,674 square meters, with gross floor area between 23,022 sqm and 38,370 sqm. Of which, no more than 37,602 sqm are for private housing, representing HK$6,101 per buildable square foot. Wheelock will have to build at least 630 flats in the site.
Meanwhile, Great Eagle (0041) won a site in Pak Shek Kok for HK$2.41 billion, 17 percent less than market estimate. The site, which drew a total of four bidders, has a site area of about 19,400 sqm with gross floor area between 40,740 sqm and 67,900 sqm respectively.   
Other Business breaking news:
Eurozone deflation accelerates in January (01-30 18:10)
German retail sales grow for fifth year in row: data (01-30 17:32)
Spanish economy grows by 1.4 percent in 2014: stats office (01-30 17:19)
Taiwan's economy slows in fourth quarter 2014 (01-30 17:03)
European stocks rise at open (01-30 17:02)
Hang Seng ends lower (01-30 16:16)
Honda cuts full-year profit forecast (01-30 15:14)
Japan's biggest airlines project smooth annual earnings (01-30 15:13)
Nikkei finishes higher (01-30 15:01)
Japan unemployment rate down in December (01-30 12:23)

More breaking news >>

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