trending Market Intelligence /marketintelligence/en/news-insights/trending/iGEy0FcoG8A4D2Wnwck1YA2 content esgSubNav
In This List

MTR awards Hong Kong site tender at price above valuation

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


MTR awards Hong Kong site tender at price above valuation

MTR Corp. Ltd. awarded the tender for a land parcel above Ho Man Tin Station in Hong Kong to Gold Brilliant Investment Ltd., a consortium led by Goldin Financial Holdings Ltd., at a price above its earlier market valuation of up to HK$9.7 billion.

The tender, which concluded Dec. 22, was reported to have drawn bids valued between HK$8.9 billion and HK$11 billion from 28 companies.

Gold Brilliant beat real estate heavyweights like Cheung Kong Property Holdings Ltd., Sun Hung Kai Properties Ltd., China Overseas Land & Investment Ltd. and Swire Properties Ltd. to clinch the tender.

The property will have the capacity to accommodate up to 1,000 residential units, with a potential maximum gross floor area of 742,716 square feet.