Media & News

October 14, 2020

2020年10月14日

CHFT lowers the valuation of Tung Chung commercial land by 20% in view of restrictions in the gov’t lease.

Tender of Tung Chung Town Lot No. 45 at Area 57, is designated for non-industrial purposes (excluding residential, hotel, godown and petrol-filling station) will close by tomorrow (October 16). Our Alex Leung cuts valuation by 20% from our former view to a revised expectation between HK$3.15 and $3.78 billion reflecting the restrictions under the government lease for mainly office purpose. The office supply from this land will represent 7 times of the existing office stock in Tung Chung.

HKET: https://lnkd.in/g4838bG
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Yahoo Finance: https://bit.ly/3nNWQjb

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Media & News

CHFT lowers the valuation of Tung Chung commercial land by 20% in view of restrictions in the gov’t lease.

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