Kerry Properties to Pay $940 Million for Hong Kong Land SiteBy
Price is most paid for government land since March 2013
Kerry outbid Cheung Kong Property and Sun Hung Kai Properties
Kerry Properties Ltd. outbid Hong Kong giants Cheung Kong Property Holdings Ltd. and Sun Hung Kai Properties Ltd. with a HK$7.3 billion ($940 million) offer for government land in the territory’s Kowloon district, the highest price in three-and-a-half years.
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