Wharf Holdings Ltd. teamed up with Hong Kong property tycoons to win a premium land site in the luxurious Peak area for a record-breaking price.
The consortium includes a Wharf subsidiary, an entity owned by Sino Land Co.’s Chairman Robert Ng, C C Land Holdings Ltd.’s Cheung Chung Kiu, Chinese Estates Holdings Ltd.’s Chan Hoi Wan and her brother-in-law Thomas Lau. It won the residential land for HK$7.25 billion ($935 million), a government statement showed late Wednesday.
