The plot on Cape Road is Stanley’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. Photo: Shutterstock Images

Hong Kong withdraws Stanley plot after bids fail to meet reserve price

  • The plot on Cape Road is expected to accommodate about 650 flats with a gross floor area of 480,236 sq ft
  • Government will not sell a site if no bid reaches the reserve price set by its valuers, Lands Department says
10 Jan 2023 - 8:51PM