A site in Pak Shek Kok. Great Eagle Holdings won the tender for a waterfront site in Pak Shek Kok, near Science Park, for HK$2.412 billion, a price at least 17 per cent lower than market expectation. Photo: David Wong
A site in Pak Shek Kok. Great Eagle Holdings won the tender for a waterfront site in Pak Shek Kok, near Science Park, for HK$2.412 billion, a price at least 17 per cent lower than market expectation. Photo: David Wong
Property /  Hong Kong & China

Great Eagle's record low winning bid snags Tai Po waterfront site

HK$2.4b deal a sign government will settle for lower land prices to increase housing

Yvonne Liu
Yvonne Liu

Updated: 3:43am, 29 May, 2014

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A site in Pak Shek Kok. Great Eagle Holdings won the tender for a waterfront site in Pak Shek Kok, near Science Park, for HK$2.412 billion, a price at least 17 per cent lower than market expectation. Photo: David Wong
A site in Pak Shek Kok. Great Eagle Holdings won the tender for a waterfront site in Pak Shek Kok, near Science Park, for HK$2.412 billion, a price at least 17 per cent lower than market expectation. Photo: David Wong
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