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Story summary
- China Overseas Land & Investment Ltd., a Hong Kong-listed developer, won a 3,132-square-metre Kowloon East plot for HK$1.8 billion.
- The bid beat eight competitors and secured a 50-year land grant for Ngau Tau Kok.
- The site is projected to yield 470 flats.
- Experts say the higher price signals strong market confidence, and the developer will focus on small and medium-sized units.
