Consortium wins Northern Metropolis project with HK$1.03b bid

A consortium of mainland Chinese-backed companies and a subsidiary of a Hong Kong developer has won the first “large-scale land disposal” project in the Northern Metropolis for HK$1.03 billion (US$132 million), with the total investment expected to reach HK$16.8 billion. The Development Bureau announced the results on Monday, awarding the tender for the 10.5-hectare development project in Hung Shui Kiu to the six-company consortium, HSK New Development Limited. It comprises China Merchants Land,