Goldin Financial Holdings Ltd. (00530.HK) bid HK$6.38 billion to win a prime residential site on Sheung Shing Street in Ho Man Tin.
The land premium translated into HK$10,900 per square foot of gross floor area, the second most expensive plot in the district on record, the Hong Kong Economic Journal reported on Thursday.
Goldin won against 12 other bidders.
The 97,700 square foot site in Ho Man Tin could be developed into 586,000 square feet of residential space.
The project could be sold at HK$25,000 to HK$29,000 per square foot upon completion, surveyors said.
Chinese developers have taken control of seven sites from the list of 18 land parcels that have been put on sale for the current fiscal year.
Last year Shimao Property Holdings Ltd. (00813.HK) snapped up a residential site in Tai Wo Ping for HK$7.02 billion last year.
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