HK's Wharf Holdings unit sets new record winning auction for land plot at $1.59b

HK's Wharf Holdings unit sets new record winning auction for land plot at $1.59b

People look out from the waterfront in the Tsim Sha Tsui district as buildings across the Victoria Harbour stand illuminated at night in Hong Kong, China, on Tuesday, Aug. 30, 2016. Photographer: Anthony Kwan/Bloomberg

A subsidiary of Hong Kong developer Wharf Holdings Limited won an auction for a plot of land at HK$12.45 billion ($1.59 billion) in one of the most expensive residential land sales ever in the city.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter