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Hong Kong Luxury Residential Site Got Six Bids, SCMP Says

March 9 (Bloomberg) -- Site in Ho Man Tin attracted six bids before the tender closed yesterday, South China Morning Post reported today citing unidentified sources.

* Site is worth between HK$11b-HK$14.85b ($1.42b-$1.91b), or HK$9,631 to HK$13,000 per sq.ft.: Post, citing surveyors

* Developers submitting bids for included Sun Hung Kai Properties, Cheung Kong Holdings Ltd., Henderson Land Development Co. Ltd., Sino Land Co. Ltd., Kerry Properties Ltd. and Wheelock Properties Ltd.

NOTE: Hong Kong doubled sales tax on property in Feb. to help rein in property prices

To contact the reporter on this story: Vinicy Chan in Hong Kong at

To contact the editor responsible for this story: Jim McDonald at

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