ABLE ENG HLDGS has announced the completion of its acquisition of a residential site in Hong Kong.

The acquisition pertains to the plot at Tung Chung Town Lot No. 54 in Area 106A, Tung Chung, New Territories, which the company had secured with a winning bid of HK$1.627 billion.

The full consideration for the purchase was paid from the group's internal resources on June 12, 2026, and the transaction was formally completed on June 17, 2026, in accordance with the land sale conditions.

Following completion, the land has been delivered to the buyer.

As stipulated by the building covenant within the sale conditions, the purchaser is required to develop the site, with the building or buildings to be completed and ready for occupation by March 31, 2032.

The buyer will continue to adhere to this requirement throughout the development process.