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Government Land Sale: Kau To

​Cheung Kong Property Holdings Limited has beaten off considerable competition to be awarded the land sale tender for a residential development site in Kau To, Shatin. The price of just over HKD 1.95 billion was 33% above the higher end of market expectations.

Market sources suggest that Cheung Kong will build 250 high-end, medium-sized flats on the site, which is in an emerging luxury residential area, boasting views of the Tolo Harbour.

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