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Billion Real Estate Holdings Limited has been awarded the land sale tender for a residential site at Pak Shek Kok in Tai Po for a total consideration of just over HKD 4 billion, just above the lower end of market expectations.
If combined with another site acquired by Billion in November 2014, the area could yield a total of 2,000 flats.
According to the government's latest Land Sale Programme, the last remainning site in the Pak Shek Kok residential development area will be released for sale this year.
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18 May 2016
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