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Kerry Properties wins Ho Man Tin land plot for HK$4.31 billion, a nearly 5-year high for Kowloon residential sites
Kerry Properties has secured a residential land plot in Ho Man Tin for HK$4.31 billion (US$549 million). This marks the highest price paid for a residential site in Kowloon in nearly five years, with the bid coming in 38% above the top market estimate. The site on Fat Kwong Street sold at HK$20,738 per square foot of gross floor area, signalling developers' confidence in demand for luxury homes.
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