China Overseas Land & Investment (HKG:0688) won a HK$861 million bid for a redevelopment in Hong Kong's Mong Kok district, The Standard reported Friday.
The city's Urban Renewal Authority received at least six bids for the Shantung Street project, among them from CK Asset (HKG:1113), Great Eagle (HKG:0041), Poly Property (HKG:0119), and China Overseas, The Standard said.
The project has a maximum developable floor area of 160,900 square feet, with a valuation of HK$40 million to HK$930 million, or HK$4,000 to HK$5,800 per square foot, The Standard said.
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