Market Chatter: Sun Hung Kai Properties Wins HK$602 Million Bid for Hong Kong Residential Site

MT Newswires Live2025-02-20

Sun Hung Kai Properties (HKG:0016) won the bid for a residential area in Tung Chung, Hong Kong for HK$602 million, The Standard reported Thursday.

The amount is equivalent to HK$1,500 per buildable square foot and is in line with the expectations, the report said.

SHKP Deputy Managing Director Victor Lui Ting said total investment in the area is seen to be HK$3.5 billion, according to The Standard.

The area is close to the MTR (HKG:0066) station.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment