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Research

Report

Government Land Sale: Cheung Sha Wan (NKIL 6582)


New World Development has outbid seven other contenders to win the land sale tender for a commercial development site in Cheung Sha Wan for HKD 4.03 billion.

​The Conditions of Sale require that part of the site accommodates a child care centre and a neighbourhood elderly centre. Market sources suggest New World intends to develop a Grade A office building on the site before the end of 2022. 

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