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Government Land Sale: Kwai Chung

First Group Holdings has set a new record high for land prices in Kwai Chung in being awarded a commercial site in Kwai Chung for HKD 789 million. The developer outbid 13 others to win the site. The amount paid was 12% above the higher-end of market expectations.

​First Group is expected to develop an office building on the site, expected to be completed in 2019.

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