So what will HongKong Land Holdings build in its place that is worth $72m?
According to Reuters, HongKong Land plans to spend HK$560 million ($72 million) to knock down commercial building The Forum to build a seven-floor office tower in its place.
Reuters noted that the redevelopment of The Forum, which currently houses restaurants and shops, will mark Hongkong Land's first new office building in Central since 2006, when it unveiled York House.
The new office building with five floors of office space is due for completion at the end of 2013.
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