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Henderson Land buys car park for record HK$23.3b

The developer will build office tower on the site located in Central district

Published Wed, May 17, 2017 · 09:50 PM
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Hong Kong

HENDERSON Land Development Co outbid eight other developers and will pay a record HK$23.3 billion (S$4.17 billion) for the first commercial land to be sold by Hong Kong's government in the Central district since 1996.

The Hong Kong company's shares fell the most in the Hang Seng Properties Index on Wednesday, sliding as much as 2.9 per cent.

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