Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid

/Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid

Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid

A residential site in one of the least developed areas of Hong Kong was sold for higher than market expectations to Wheelock Properties on Wednesday.Wheelock won the parcel in Kwu Tung in the northern New Territories for HK$4.19 billion (US$540 million), some 7.4 per cent more than the top end of market expectations.Surveyors had estimated the plot could fetch HK$3.3 billion to HK$3.9 billion, or HK$6,500 to HK$8,000 per square foot.Located next to a plot won by Sun Hung Kai Properties in April…

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By | 2021-07-28T23:30:22+00:00 July 28th, 2021|Uncategorized|Comments Off on Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid