Bloomberg News

Hong Kong Luxury Residential Site Got Six Bids, SCMP Says

March 08, 2013

Site in Ho Man Tin attracted six bids before the tender closed yesterday, South China Morning Post reported today citing unidentified sources.

* Site is worth between HK$11b-HK$14.85b ($1.42b-$1.91b), or HK$9,631 to HK$13,000 per sq.ft.: Post, citing surveyors

* Developers submitting bids for included Sun Hung Kai Properties (16), Cheung Kong Holdings Ltd. (1), Henderson Land Development Co. Ltd. (12), Sino Land Co. Ltd. (83), Kerry Properties Ltd. (683) and Wheelock Properties Ltd.

NOTE: Hong Kong doubled sales tax on property in Feb. to help rein in property prices

To contact the reporter on this story: Vinicy Chan in Hong Kong at vchan91@bloomberg.net

To contact the editor responsible for this story: Jim McDonald at jmcdonald8@bloomberg.net


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