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CHEVALIER INT'L Wins Fanling Industrial Land at Almost $300M, Below Consensus
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2022/01/18 19:21
The Lands Department announced today that the tender for a site, Fanling Sheung Shui Town Lot No. 245 at On Kui Street, Fanling, New Territories, has been awarded to Ample Skill Limited (parent company: CHEVALIER INT'L (00025.HK)), at a premium of $297.4 million, which is below market forecast. The floor price per sq.ft. is approximately $3,387.

The industrial land site had previously received three tenders respectively from CHEVALIER INT'L, SINO LAND (00083.HK) and K. WAH INT'L (00173.HK).
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