A residential site in Kowloon City is being sold by public tender at a valuation of roughly HK$195 million, 35% lower than its 2022 HK$300 million valuation, The Standard reported Wednesday, citing Colliers and CBRE.
The 3,042-square-foot site at 93 and 95 Hau Wong Road offers a gross floor area of about 27,378 square feet, translating to a value of about HK$7,123 per square foot. The tender will close on March 18, The Standard reported.
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