Hong Kong’s SHKP secures HK$1.4 billion land deal in Northern Metropolis

One of Hong Kong’s largest developers, Sun Hung Kai Properties (SHKP), has entered into a land deal worth around HK$1.4 billion (US$179.5 million) with the government for a site in Kwu Tung South, setting up one of the biggest housing projects in the Northern Metropolis. The company said on Monday that the site could yield over 1.2 million sq ft (111,480 square metres) of floor area and more than 2,700 flats, making it the biggest residential development in the area in recent years. SHKP said...