Mainland developers in the fray for Causeway Bay site

Friday, December 13, 2019

A residential site at 135, Tai Hang Road in Causeway Bay received at least 24 bids when tenders closed  at noon.

Developers which offered bids include CK Asset (1113), Sun Hung Kai Properties (0016), Henderson Land Development (0012), Wheelock and Company (0020), Nan Fung Group, Chinachem, Kerry Properties (0683) and Chinese Estates (0127), as well as mainland developers including China Overseas Land & Investment (0688) and KWG Group (1813).

The siet has an area of 42,948 square feet and a maximum gross floor area of about 129,000 sq ft. Market surveyors have valued the site between HK$1.93 billion and HK$5.4 billion, or HK$15,000-42,000 per sq ft.