Market Chatter: Sun Hung Kai Properties Secures HK$1.4 Billion Northern Metropolis Land Parcel

MT Newswires Live01-14

Sun Hung Kai Properties (HKG:0016) has secured a land site in Kwu Tung South for about HK$1.4 billion, paving the way for one of the largest residential projects in Hong Kong's Northern Metropolis, the South China Morning Post reported.

The site is expected to deliver more than 1.2 million square feet of gross floor area and over 2,700 flats, the report said.

The Northern Metropolis plan, unveiled in 2021, reportedly aims to develop land near the mainland China border into a major housing and economic zone.

(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.)

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