
Chinachem Group subsidiary buys Sha Tin site for $1b
It has a 50-year land grant.
Chinachem Group’s subsidiary Keen Mighty has acquired the Sha Tin non-industrial site with a 50-year land grant for $1.021b.
Located at Sha Tin Town Lot No. 625, it has a site area of 5,652 square meters (sq. m.) and a minimum and maximum gross floor area of 16,956 and 28,260 sq. m., respectively.
The site is designated for non-industrial purposes, excluding godowns, hotels and petrol filling stations.