You are here

Henderson Land buys car park for record HK$23.3b

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

Aggressive bidding for the commercial land in Hong Kong's Central district echoes brisk developer demand for residential plots amid record home prices in the world's least affordable housing market.

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...

Market voices on: