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Allied Hope Ventures Limited, a company related to PRC-backed Road King Infrastructure, has been awarded the land sale tender for a residential site in Au Tau in Yuen Long for a total consideration of just under HKD 990 million. The same site was withdrawn from tender in January 2016 after failing to meet the government's reserve price, and on re-tender the sale barely achieved the lower end of market expectations.
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31 August 2016
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