A pedestrian walking past a China Mobile outlet in Shanghai. The telco outbids rivals with record price for an industrial site in Sha Tin amid strong demand for data centre facilities in Hong Kong. Photo: AFP

China Mobile outbids Hong Kong tycoons, Singapore rival with record price for Sha Tin industrial land in sign of market revival

  • China Mobile offers HK$5.6 billion for a 50-year lease on Sha Tin site, topping bids from Sun Hung Kai Properties, CK Asset, Mapletree and others
  • Deal may herald the return of powerful mainland buyers with national security law seen anchoring market stability
Topic |   Auctions
A pedestrian walking past a China Mobile outlet in Shanghai. The telco outbids rivals with record price for an industrial site in Sha Tin amid strong demand for data centre facilities in Hong Kong. Photo: AFP

Corrected [7:55pm, 9 Jul, 2020]

  • [7:55pm, 9 Jul, 2020]

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