View of New Central Harbourfront Site 3. Photo: Felix Wong. View of New Central Harbourfront Site 3. Photo: Felix Wong.
View of New Central Harbourfront Site 3. Photo: Felix Wong.

Sun Hung Kai Properties, Chinachem Group may bid in rare ‘two-envelope’ tender for prime commercial plot next to Hong Kong’s IFC

  • Government using ‘two-envelope’ method to sell New Central Harbourfront Site 3, meaning winner will be determined by assessing both price and design proposal
  • Size of cash bids is likely to be subdued by depressed outlook for city’s office sector after Covid-19 devastated demand, say analysts

Topic |   Hong Kong property
View of New Central Harbourfront Site 3. Photo: Felix Wong. View of New Central Harbourfront Site 3. Photo: Felix Wong.
View of New Central Harbourfront Site 3. Photo: Felix Wong.
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