Midland Surveyors: Tung Chung Area 106A Residential Site Receives Expected Bids, Valued at HKD960M
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The Tung Chung Area 106A residential site received six bids, valued at approximately HKD960 million, in line with market expectations. Midland Surveyors' Alvin Lam noted the site's appeal due to sea views and proximity to Tung Chung East Station. Major developers, including K. WAH INT'L and CHINA OVERSEAS, participated, although bids are expected to be cautious due to the area's early development stage. The project may synergize with the adjacent Area 106B, forming a new development cluster.
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