Complex for Ho Man Tin
ASIA Standard International Group says it will build a 28-storey commercial and residential complex on its newly acquired site in Ho Man Tin.
The company paid $150 million for the 5,400 square foot site in Peace Avenue. The building will have 28 floors with the upper 23 earmarked for flats.
Chairman Clement Fung said the building would be sold for about $5,000 a square foot. He expected home buyers to welcome the development, given the low supply of new flats in the district.