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Kwasa Land awards Project R2-1 to Naza TTDI

The parcel was described by Kwasa Land – a unit of the Employee Provident Fund – as “extremely strategic” given that it is just 200m away from the central business district, where two MRT stations are located.

Hong Kong office market recovery sees return of en-bloc sales

Some examples of transactions include the sale of Cheuk Nang Plaza in Wan Chai by Cheuk Nang (Holdings) Ltd to ITC Properties Group Ltd for HK$790 million or RM431 million (HK$14,203 psf) and the sale of Park Building in Cheung Sha Wan by a local investor to HKR International and Hanison Construction Holdings Ltd for HK$998 million (HK$6,869 sq ft).