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Research

Report

Government Land Sale: NKIL 6575, Kai Tak Area 4B Site 2, Kowloon


​China Overseas won the tender for a residential site in Kai Tak with HKD 8 billion. The A.V. is HKD 13,525 per sq ft, closes to lower end of market expectation. The developer planned to invest about HKD 12 billion to build high-end residential project. JLL estimated the pricing of project is likely to be in excess of HKD 26,000 per sq ft, SA.

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