Story perspectives

Kerry Properties Secures HK$1.38 Billion Residential Plot

2/16/2026

Summary

Story summary

Kerry Properties won a Shau Kei Wan residential plot tender for HK$1.38 billion (US$177 million) on a 50-year lease that covers a 1,349-square-metre site expected to yield over 130,000 square feet of gross floor area and about 300 units.
Kerry outbid seven rivals.
Calvin Tong, director at Kerry Properties, said he was satisfied with the acquisition and highlighted the site's transport links.
Tong noted limited new residential developments in the area.

1 of 1

Story summary

Kerry Properties won a Shau Kei Wan residential plot tender for HK$1.38 billion (US$177 million) on a 50-year lease that covers a 1,349-square-metre site expected to yield over 130,000 square feet of gross floor area and about 300 units.
Kerry outbid seven rivals.
Calvin Tong, director at Kerry Properties, said he was satisfied with the acquisition and highlighted the site's transport links.
Tong noted limited new residential developments in the area.