
Mapletree Investments unit wins Hong Kong site
Pays HK$1.69 billion tender for a site in the New Territories.
The Hong Kong Lands Department said the tender is for Tsing Yi Town Lot No 185 and was awarded to Mapletree TY (HKSAR) on a 50-year land grant.
Located at the junction of Tsing Hung Road and Tsing Yi Road, the site has an area of about 226,000 square feet and is designated for logistics development purposes. Other bidders included Sun Hung Kai Properties, NWS Service Management and Goodman HK Investments.