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Sino Land swept the last residential lot available for sale in Pak Shek Kok for a total consideration of just over HKD 1.6 billion, just below the higher end of market expectations. The A.V. of HKD 3,932 per square foot was around 9% higher than the amount paid by Billion for an adjacent site two months earlier.
Sino is expected to invest HKD 3-4 billion to build high-end mass and medium-sized flats on the site.
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14 July 2016
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