According to recent news report, Sino Land and CSI Properties join forces to develop a Yau Tong industrial plot. The 43,400-sq-ft MTR site is located in Yau Tong, a traditional industrial area with huge potential for future residential development.
     The winning bid was not disclosed, but the land premium paid for a lease modification of the site was confirmed at HK$1.515 billion or HK$4,657 per sq ft as reported by local media.
     The land plot is near the junction of Lei Yue Mun Road and Kao Chiu Road and could potentially be developed into a maximum gross floor area of 325,300 sq ft of residential space. It is expected the development will provide approximately 500 residential units by 2025.

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