HK$2b bid wins Tseung Kwan O site for Wheelock

Wheelock Properties has won its second site in Tseung Kwan O with a bid of HK$1.97 billion.

The Lands Department said the developer paid HK$4,580 per square foot - 7 per cent less than an adjacent site sold to Lai Sun Development and Walter Kwok Ping-sheung, a former chairman of Sun Hung Kai Properties, last month.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1104787/hk2b-bid-wins-tseung-kwan-o-site-wheelock