9 October 2014 - The Lands Tribunal recently approved Henderson Land (0012) or its related company‘s application for compulsory sale of land on the “Western Court” site in Sai Wan.
The developer applied for the compulsory auction in 2011 and the reserve price of the project will amount to HKD2.95 billion. It is expected that the project will be the all time most expensive single compulsory auction property in Hong Kong.
In addition, Emperor International (0163) has just bought the land covering No. 17 to 19 Yik Yam Street in Happy Valley for HKD130 million. This project will be earmarked for residential and commercial purposes.
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