Story perspectives

Nine Bids Submitted for Prime Ngau Tau Kok Plot

2/6/2026

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Summary

Story summary

Nine bids were submitted for a 3,132 square metre Ngau Tau Kok plot valued at HK$1.3–1.55 billion (US$198 million) and yielding 470 residential units.
Sun Hung Kai Properties and Henderson Land Development were among the major tender participants.
Eddie Tsui of CBRE Hong Kong said the site appeals due to its amenities and improving market sentiment.
Location advantages and market conditions underpin an estimated land value of HK$4,400–HK$5,100 per square foot.

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Story summary

Nine bids were submitted for a 3,132 square metre Ngau Tau Kok plot valued at HK$1.3–1.55 billion (US$198 million) and yielding 470 residential units.
Sun Hung Kai Properties and Henderson Land Development were among the major tender participants.
Eddie Tsui of CBRE Hong Kong said the site appeals due to its amenities and improving market sentiment.
Location advantages and market conditions underpin an estimated land value of HK$4,400–HK$5,100 per square foot.