Cheung Kong (Holdings) has outbid seven developers to win a small residential site in Sham Shui Po, underscoring the demand for urban sites.
The developer outbid rivals including Sun Hung Kai Properties and Henderson Land Development for the 36,000 sq ft Urban Renewal Authority (URA) site at the junction of Lai Chi Kok Road, Kweilin Street and Yee Kuk Street.