An aerial view of Anderson Road in Kwun Tong. Photo: Martin Chan An aerial view of Anderson Road in Kwun Tong. Photo: Martin Chan
An aerial view of Anderson Road in Kwun Tong. Photo: Martin Chan

Developer CK Asset wins Hong Kong’s first plot of land earmarked for private and subsidised starter homes for lowly HK$4.9 billion as Covid-19 batters property market

  • The city’s second-biggest developer by value will pay HK$4.95 billion (US$638.8 million) for the site on Kwun Tong’s Anderson Road
  • The winning bid is at the low end of surveyors’ valuations as developers hold back amid fears of long-term damage to the market and wider economy amid coronavirus fallout.

Topic |   Hong Kong property
An aerial view of Anderson Road in Kwun Tong. Photo: Martin Chan An aerial view of Anderson Road in Kwun Tong. Photo: Martin Chan
An aerial view of Anderson Road in Kwun Tong. Photo: Martin Chan
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