Lung Cheung Road luxury residential plot sold at HKD 21,000 psf
October 17, 2016 - Kowloon Tong
The New Kowloon Inland Lot No. 6533 at Lung Cheung Road, Beacon Hill, has been awarded to Kerry Properties Limited at a premium of $7.2688 billion, or HKD 21,200 per sq ft of permissible GFA, on a 50-year land grant.
The upper limit of the plot valuation was HKD 7.54 billion, meaning that the sale is close to the upper limit of market expectations.
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