Kerry Properties to Pay $940 Million for Hong Kong Land Site

Updated on
  • 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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