The tender for industrial land at on Ju Street in Fanling closed at noon today (14). It is reported that at least three bids have been received, including Chevalier International (00025.HK), 00083.HK (Ka Wah International) and Ka Wah International (00173.HK).
The site covers an area of about 17566 square feet and the maximum buildable floor area is about 87780 square feet. according to the comprehensive market forecast, the valuation of the site ranges from about $310 million to $404 million, which is equivalent to a land premium of about $3500 to $4600 per square foot.