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Sun Hung Kai Properties won the bid for a residential site in Shatin for HKD 2.36 billion. This translates to A.V of HKD 5,448 per sq ft, 36% above the higher-end of market expectations and slightly above the amount Wang On Group paid for another site in Shatin in January 2015. Market sources suggest that Sun Hung Kai Properties will invest HKD 5 billion to build about 700 high-end mass and medium-sized flats on the site.
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09 August 2016
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