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Government Land Sale: Tsing Yi

Grand Ming Group has been awarded the land sale tender for a residential site in Tsing Yi for a total consideration of just under HKD 939 million.

​Market estimates had already been adjusted downwards by 25% since the site failed to tender in November, but the final A.V of HKD 1,980 per sq ft in this round was still 21% below the lower end of market expectations.

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