Aiden He
Sun Hung Kai Properties (0016) has been awarded a rendered residential site in Tung Chung for HK$602 million, or around HK$1,500 per buildable square foot, in line with market expectations.
The developer's deputy managing director Victor Lui Ting said he was "very pleased" with the acquisition and revealed that the total investment is estimated to be around HK$3.5 billion.
He noted that the site enjoys expansive sea views and is in proximity to the MTR station.
