China Overseas consortium wins Hung Shui Kiu first development area project with HK$1.03 billion bid and takes on HK$16.8 billion in infrastructure
In September, the tender for the first development area of the Hung Shui Kiu project in Hong Kong was awarded to a consortium with a China Overseas background. The land price was HK$1.03 billion, while the consortium must also bear HK$16.8 billion in land formation and infrastructure investment; after deducting the infrastructure obligations, the net land price is close to zero.