Our Alex Leung believes that another valuable commercial site may be launched in the next fiscal quarter. It is located at the commercial zone of Caroline Hill Road in Causeway Bay. The land was rezoned from the former headquarters of the Electrical and Mechanical Services Department and covers an area of approximately 159,000 square meters. He valued the land at $16.1 billion to $17.2 billion, and the land price per square foot was about $15,000 to $16,000. It is worth noting that Hysan, the big landlord of Causeway Bay, has many commercial projects around the land, including Hysan Place and Leighton Center.
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