Developers show interest in Site in Lohas Park 8 in Tseung Kwan O

Developers show interest in Site in Lohas Park 8 in Tseung Kwan O

The MTR Corporation Limited (0066) received 21 expressions of interest for the residential site at Lohas Park Phase 8 in Tseung Kwan O yesterday.

Local developers, including Henderson Land (0012) and Wheelock Properties, submitted their interest. Mainland peers including China Overseas Land and Investment (0688) and Poly Property (0119) also joined the fray.

Spanning 179,100 square feet, the plot will yield no more than 1,430 flats from a buildable gross floor area of 1.04 million square feet. Land premium was estimated to be HK$2.61 to 2.81 billion, or up to HK$2,700 psf.

The estimated valuation is 19 percent higher than that of the sixth phase also a seashore residential plot which was tendered out to Nan Fung Group at HK$1,874 psf earlier this year.

Separately, the second batch of homes for sale under the Home Ownership Scheme in the secondary market without premium started taking applications yesterday.

A total of 4,580 application forms were distributed with 2,500 quotas offered.

 

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