Hung Hom Bailey Street Redevelopment Draws at Least 7 Bids from CK Asset, K. Wah, China Overseas
The Urban Renewal Authority's Hung Hom Bailey Street/Chuk Yuen Street project received at least seven bids by the noon tender deadline. Bidders included CK Asset Holdings, K. Wah International Holdings, and China Overseas Land & Investment, along with at least four unidentified consortia. Market valuation of the site is estimated at HK$4.42 billion to HK$5.8 billion, with a per-square-foot land cost of HK$6,000 to HK$7,870.
- Effective
- 0
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term