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Mainland Chinese developer Minmetals Land has been awarded the land sale tender for a coastal residential site in Yau Tong. The enormous consideration of slightly over HKD 4 billion caught the market by surprise, being 41% above the higher-end of expectations. Market sources suggest that Minmetals will build almost 800 high-end mass and medium-sized flats on the site.
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04 August 2016
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