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The last residential site on former airport runway fetches HKD10.28 billion
A consortium led by Wharf Holdings acquired the site for HKD7.25 billion.
The industrial site was sold for HKD 813 million, in line with the market expectation.
The luxury residential development site at Nos. 2,4,6 and 8 Mansfield Road on The Peak sold for HKD46,272 per sq ft, A.V.
The A.V. of HKD 13,009 per sq ft was higher than the upper-end of market expectations.
The A.V. of HKD 9,246 per sq ft fell within market expectations
The accommodation value was close to the upper-end of market expectations.
The telecom company acquired the industrial site for HKD 5.6 billion.
The accommodation value was close to the lower limit of market expectations.
The Hong Kong Government has unveiled that it will release 15 residential sites and seven commercial or industrial sites in its land sale programme for the 2020/21 financial year.
The accommodation value of the site was close to the lower limit of market expectations
The accommodation value was the lowest achieved among all urban sites sold via government land sales in sixteen years