HK to sell first commercial site in Central since 1996
Plot is valued at HK$15.8b to HK$17b; sale, slated for Q1, comes after some record-breaking deals in city's office market
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Hong Kong
HONG Kong's government has announced the first sale of commercial land in the city's central business district in more than 20 years.
The site, currently used as a car park in Murray Road, Central, is about 31,000 square feet, according to a government statement released late on Thursday. The plot is valued at HK$15.8 billion (S$2.9 billion) to HK$17 billion, according to Vincent Cheung, Colliers International executive director of valuation and advisory for Asia.
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