Cheung Kong Is Winner of Hong Kong Building Site, Standard Says

Cheung Kong Holdings Ltd. (1) submitted the winning HK$2.41 billion ($309 million) tender for a building site in Hong Kong’s Yuen Long district, the Standard said, citing Executive Director Grace Woo.

Cheung Kong must build at least 960 apartments on the site, 800 of between 35 square meters (377 square feet) and 40 square meters each, and the balance no larger than 60 square meters each, the Hong Kong-based English-language newspaper said today. The city government sold the land.

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