Nan Fung Won Kai Tak Commercial Site for HK$24.6b Nan Fung Development has won a commercial site in Kai Tak for HK$24.6 billion, smashing the record set by the Murray Road site in Central just two weeks ago. Henderson Land paid $23.2 billion, or HK$50,065 per square foot, for the former Murray Road car park in Central. Nan Fung bought […]

NWD Won Cheung Sha Wan Commercial Site For HK$7.79b New World Development beat eight competitors as it acquired in a government tender a commercial site at King Lam Street in Cheung Sha Wan with a winning bid of HK$7.79 billion. Its offer was about 4% over the upper limit of analysts’ valuation of the site. New World’s bid exceeded the […]

Chevalier Won URA’s Tai Kok Tsui Project The Urban Renewal Authority announced yesterday that Chevalier Pacific Limited, a wholly owned subsidiary of Chevalier International Holdings Limited, has won the contract for the development of Fuk Chak Street-Li Tak Street demand-led redevelopment project in Tai Kok Tsui. The project site, which covers an area of 8,267 square feet, commenced in June […]