Wednesday, October 22, 2014   

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:
Apple chief meets Chinese official amid iCloud hacking row (14 mins ago)
Shaky Japanese economy hit by growing trade deficit (21 mins ago)
Bank of England keeps rates steady (38 mins ago)
Hang Seng finishes higher (1 hr 16 mins ago)
Soft Australian inflation supports low interest rates (10-22 13:17)
Hang Seng up by lunch (10-22 13:01)
Nikkei bounces back by break (10-22 11:13)
Hong Kong's consumer prices rose in September (10-21 19:54)
Nikkei ends lower (10-21 17:30)
Hang Seng edges up (10-21 17:29)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.