property for sale

It will be sold via expression of interest.

The property was sold through public auction.

The site will be sold by public tender.

The property has a reserve price of $588.7m.

The 10-storey industrial building is on sale until 15 September.

The original closing date was 7 July.   The tender for The Remaining Portion of Inland Lot No. 8590 and The Remaining Portion of Inland Lot No. 8723 at Hoi Yu Street, Quarry Bay, was moved to noon of 25 July upon request of potential buyers.   Originally, the tender was to close on 7 July.   “We receive requests from most of the potential buyers demanding extra time to study the property thoroughly and make informed internal discussion,” CBRE, the property’s marketing agent, said.   CBRE said the property received interest from developers from Hong Kong and China, real estate investment trusts (REITs), institutional funds, family offices, and private investors.   The site for sale is expected to be developed into a large-scale mixed-use complex for commercial, leisure and tourism use.

The property sale will be via public tender until 29 July at 12 noon.

It will be sold via public tender.