19 tenders for Ap Lei Chau residential site

Business | 22 May 2020 12:01 pm

The tender for a medium-sized residential site, Ap Lei Chau inland lot No 137 at Ap Lei Chau Praya Road, which ended today, has received a total of 19 tenders.

CK Asset (1113), Sino Land (0083), New World Development (0017), Lai Sun Development (0488) and K&K Property, China Overseas Land and Investment (0688), K Wah International (0173), Kerry Properties (00683), Yai Cheung (0088), Grand Ming (1271), Chevalier International (0025), Kaisa (1638) and seven consortiums have tendered for the site.

This is the first site to be tendered in over three years in the district. The project has to be completed before March 2025. The market has valued to site at between HK$770 million and HK$1.41 billion.

Centaline Surveyors have valued the site at HK$1.06 billion, or HK$12,000 per square foot.

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