Goldin Financial consortium wins rights to Ho Man Tin MTR station residential property development

A consortium led by Goldin Financial Holdings,which has interests in property, finance and a French winery, won the development rights for a luxury residential project at the Ho Man Tin MTR station which could involve an estimated HK$10 billion in investment cost.

MTR Corp said on Thursday that Gold Brilliant Investment, a consortium led by Goldin Financial Holdings, had won the tender to develop the Ho Man Tin Station phase one property development. A spokesman for Goldin said the project would be developed as a joint venture, adding that the firm is a Hong Kong funded company.

“Chairman Pan Sutong and the firm will be the substantial investors in the project,” the spokesman, who declined to be named, said. “Other investors are holding minor stakes.”

In December Forbes magazine ranked Pan as the ninth-richest person in Hong Kong with a net worth of US$4 billion.

Pan is building China’s tallest building, Goldin Finance 117, the centrepiece of his multibillion-dollar Goldin Metropolitan development in Tianjin.

Surveyors estimated that the residential development in Ho Man Tin station would require a total investment of more than HK$10 billion, inclusive of the estimated HK$6.28 billion land premium