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Hong Kong government to sell off site on top of West Kowloon station expected to fetch record US$11.5 billion

The Hong Kong government is putting up for tender the biggest and most expensive plot of land it has ever sold, shrugging off concerns about the effects of unprecedented civil unrest on market sentiment.

The six-hectare commercial site directly on top of the West Kowloon high-speed rail terminus is expected to fetch a record price of about HK$90 billion (US$11.5 billion).

It is seen attracting a winning bid of between HK$20,000 and HK$28,000 per square foot. That estimate, by Knight Frank,…

Source: South China Morning Post