The plot is currently occupied by former civil servants’ quarters. Photo: May Tse

State-backed conglomerate Citic Pacific wins bid for Tai Hang luxury residential site for HK$3.2 billion

  • Company beats 24 other bidders for the plot, which was initially expected to go for HK$1.7 billion to HK$5.41 billion (US$218 million to US$694 million)
  • Tai Hang plot is Citic Pacific’s first win since it secured a residential site in Ma On Shan four years ago
Topic |   Hong Kong property
The plot is currently occupied by former civil servants’ quarters. Photo: May Tse
READ FULL ARTICLE