A six-company consortium led by mainland Chinese-backed firms and a subsidiary of a Hong Kong developer has won the first “large-scale land disposal” tender under the Northern Metropolis plan, bidding HK$1.03 billion (about US$132 million). The Development Bureau announces the award on Monday for a 10.5-hectare site in Hung Shui Kiu.
The government’s notice says the selected consortium, HSK New Development Limited, is expected to deliver a total investment of HK$16.8 billion for the project. The Free Press focuses on how the consortium’s role relates to the broader development, noting that it will operate one portion of the area earmarked for tech parks, rather than all of them. Other reporting centers on the deal structure and the significance of being the first major land parcel released in the Northern Metropolis.
The two outlets therefore broadly agree on the bidder, the site, and the tender price, while differing in emphasis: one highlights the consortium’s composition and the headline figure of the award; the other highlights operational scope within the larger Northern Metropolis tech-park concept.
