Sino Land plans premium flats at HK$17.2b Kowloon site
Finance | 15 Nov 2017 5:55 pm
Sino Land (0083), headed by tycoon Robert Ng Chee-siong, (pictured), said today it plans a premium residential development with green architectural features and smart home designs, at the Kowloon site for which a consortium led by the developer splashed out HK$17.28 billion today.
The waterfront site off Hing Wah Street West in Cheung Sha Wan, provides an area of about 19,348 square meters and is designated for private residential purposes, the Lands Department announced today.
"We plan to build a premium residential development to make the most of the panoramic harbour views, complete with green architectural features and smart home designs. We look forward to adding vibrancy to the well-established community,'' said Daryl Ng, Deputy Chairman, Sino Group.
The minimum gross floor area and the maximum gross floor area are 55,062 sq m and 91,770 sq m respectively.
Sino Land unit, Sky Asia Properties, bid for the site with Shimao Property Holdings, Wheelock Properties, K Wah International Holdings. and S E A Holdings.
Sino Land shares closed at HK$14 today, up by 0.28 percent.
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