20 developers lined up for Long Ping South project
The residential site can yield 720 units.
According to Nomura, twenty developers submitted an expression of interest for the Long Ping South development project. The 451,980sf GFA residential site is expected to provide 720 units with 59% sized below 628sf.
Here's more:
The twenty developers included large developers like Cheung Kong, Henderson Land and SHKP as well as small developers like Wing Tai, Lai Sun and Paliburg. The project is slated for completion in 2019. Surveyors estimate the site should fetch between HKD1.492-1.627bn (AV of HKD3,300-3,600psf). (Source: HKET, 26 April 2013)