China Overseas Land & Investment (HKG:0688) won a bid to develop a parcel of land in Hong Kong's northern-situated Kowloon urban area, according to a Tuesday statement from the city's Lands Department.
The firm's HK$1.81 billion bid for New Kowloon Inland Lot No. 6675 at Choi Ha Road, Ngau Tau Kok, was ahead of eight other bidders.
The 50-year land grant covers a site area of around 3,132 square meters and is designated for non-industrial purposes.
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