2024-04-25 28Hse Editor
Wharf and Sino Land Chairman Huang Zhixiang, Zhongyu Land Chairman Zhang Songqiao, Lifestyle International Chairman Liu Luanhong, and Chinese Real Estate shareholder Chen Kaiyun (Gambi) formed a consortium last month to invest 7.25 billion At No. 9 and 11 Man Fai Road on the Peak, the land price was $50,010 per square foot, setting a new record for residential official land in Hong Kong. The Lands Department announced yesterday the remaining four bids with bid prices ranging from RMB 4.35 billion to RMB 6.113 billion, with a land price per square foot of approximately RMB 30,006 to RMB 42,168. In other words, the Wharf bid is 19% higher than the second full bid.
The land area is about 54,542 square feet, with a buildable floor area of 144,969 square feet, and it is expected to provide 135 units.
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