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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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12 May 2017
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