SHKP acquires Ho Man Tin site for HK$10.9b
HONG KONG: Sun Hung Kai Properties on Tuesday, June 8 paid the second-highest price ever for a development site, helping to lift confidence in the recently depressed luxury residential market.SHKP, the largest developer in terms of asset value, bought the site in Ho Man Tin for HK$10.9 billion (RM4.65 billion), or HK$12,540 per square foot - exceeding the HK$10.6 billion maximum market-watchers