Parking Garage in Hong Kong Valued at $2.2 Billion
The first sale of commercial land in Hong Kong has been put up for sale in more than 20 years. It is currently being used as a multi story car park in Murray Road, Central which is about 31,000 square feet. It is valued at HK$15.8 to HKD$17 billion ($2.2 billion) according to Colliers International Executive Director of Valuation and Advisory for Asia.
“It is valued at HK$15.8 to HKD$17 billion ($2.2 billion) according to Colliers International Executive Director of Valuation and Advisory for Asia.”
This is the first development site available in Central since 1996. The sale of the development is situated near Bank of China building and is slated for the first quarter of 2017.
Related Reports: Bloomberg
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