Current development plans call for the creation of 17.2 million square feet of gross leaseable space, according to reports. According to a Wall Street Journal article, the developer plans to invest at least HK$6.5 billion on the project.
Last year, Sun Hung Kai purchased a neighboring site, on which it is building a 12.9-million-square-foot mixed-use project. The owner plans to combine the plots of land and build residential, office and retail properties.
To read the Wall Street Journal article click here.
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