The plot on Cape Road is Stanley’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. Photo: Shutterstock Images
The plot on Cape Road is Stanley’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. Photo: Shutterstock Images

Hong Kong withdraws Stanley residential plot after all four bids fail to meet reserve price amid market pessimism

  • The plot on Cape Road is expected to accommodate about 650 flats with a gross floor area of 480,236 sq ft
  • Government will not sell a site if no bid reaches the reserve price set by its valuers, Lands Department says

The plot on Cape Road is Stanley’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. Photo: Shutterstock Images
The plot on Cape Road is Stanley’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. Photo: Shutterstock Images
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