BIDDING GOES HIGH

PUBLISHED : Friday, 25 November, 2011, 12:00am
UPDATED : Friday, 25 November, 2011, 12:00am
 

A luxury residential site in Island South was sold in an open tendering for HK$498 million. At HK$38,488 per sq ft, 35 South Bay Road was believed to have achieved the second highest price in a government tendering. Twelve bidders competed for the site, making it the most popular government tender this year. Market experts believe the winning developer could sell houses built on the 14,403 sq ft site for more than HK$50,000 per sq ft.

Share

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

BIDDING GOES HIGH

Enter multiple addresses separated by commas(,)

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.