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<HK Property>CKA Wins Bid for URA Sai Ying Pun Site for $1.161B Last Mth, 22.2% Higher than 2nd Highest Bidding Price
The tender for the development of the Urban Renewal Authority (URA)'s Queen’s Road West / In Ku Lane Development Project in Sai Ying Pun, was awarded to CK ASSET (01113.HK) at a premium of $1.161 billion last month.
The premium of $1.161 billion was 22.2% higher than the second highest tender amount of $950 million, according to the tender amounts offered by the unsuccessful but conforming tenderers, as published on an anonymous basis by the URA today (8th).
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