A joint venture of Nan Fung Group and Wing Tai Properties has completed the acquisition of a prime residential site in Hong Kong, The Wall Street Journal reports. The partners have paid a total of $196 million for the acquisition.
The final price of the land was 69% higher than the opening bid of $115.8 million. Separately, the government will also start a public tender for two more sites in Hung Hom.
Click here for the story from The Wall Street Journal.
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