A 340,870 square feet logistics site at Siu Lang Shui Road in Tuen Mun was sold to Australia-based Goodman HK Investments for HK$2.75 billion. Photo: Winson Wong
A 340,870 square feet logistics site at Siu Lang Shui Road in Tuen Mun was sold to Australia-based Goodman HK Investments for HK$2.75 billion. Photo: Winson Wong

Australian logistics specialist Goodman aces Hong Kong firms with US$350m bid for Tuen Mun site

Analysts say the high cost of land has deterred companies from the mainland from putting in a bid for the 340,870 square feet site in Tuen Mun

A 340,870 square feet logistics site at Siu Lang Shui Road in Tuen Mun was sold to Australia-based Goodman HK Investments for HK$2.75 billion. Photo: Winson Wong
A 340,870 square feet logistics site at Siu Lang Shui Road in Tuen Mun was sold to Australia-based Goodman HK Investments for HK$2.75 billion. Photo: Winson Wong
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