Market Chatter: Sun Hung Kai Properties Wins HK$606 Million Bid for Residential Plot

MT Newswires Live
01-28

Sun Hung Kai Properties (HKG:0016) won the bid for a residential area in Sha Tin for HK$606 million, The Standard reported Tuesday.

The property, Sha Tin Town Lot No. 651, has an area of 3,600 square meters, the report said.

The plot is close to a station of the MTR (HKG:0066) and will feature small to medium-sized residences, with the investment totaling HK$2.3 billion, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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