Three bids for site atop West Kowloon station

Business | 22 Nov 2019 6:22 pm

The Lands Department announced the land plot on top of the West Kowloon Station has received a total of three tenders by developers as it closed for bid at noon.

Bidders include CK Asset (1113), Sun Hung Kai Properties (0016) and a consortium of Henderson Land Development (0012), Wharf Real Estate Investment Company (1997), Sino Land (0083), Chinese Estates (0127) and Lifestyle International (1212).

Market surveyors had lowered their valuation of the site several times amid clouded market sentiment, with an estimate of between HK$31.6 billion and HK$79.1 billion, or HK$10,000 per square foot to HK$25,000 per sq ft.

The site is surrounded by MTR Kowloon Station, Austin station and the West Kowloon high-speed station and has a ground area of 642,000 sq ft and a maximum commercial gross floor area of 3.16 million sq ft.

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