At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Photo: May Tse At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Photo: May Tse
At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Photo: May Tse

Hong Kong mixed development project receives nine bids, but offers will be low, analysts say

  • CK Asset Holdings, Wheelock Properties and Chinachem Group among firms bidding for Kwun Tong plot
  • Market valuations for the plot range from HK$4.6 billion to HK$9 billion

Topic |   Hong Kong property
At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Photo: May Tse At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Photo: May Tse
At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Photo: May Tse
READ FULL ARTICLE