Uncertain outlook drags on luxury flat site price

Wheelock Properties outbid 11 developers to win the 83,033 square foot site for HK$3.83 billion, or HK$9,875 per square foot. Surveyors had estimated it would fetch between HK$3.8 billion and HK$4.38 billion.

via Business feed http://www.scmp.com/business/article/1261133/uncertain-outlook-drags-luxury-flat-site-price