Consortium secures first major Northern Metropolis land tender for HK$1.03 billion

A six-company consortium, including mainland Chinese-backed firms and a local developer, has won the first large-scale land disposal project in Hong Kong's Northern Metropolis. The project, located in Hung Shui Kiu, involves a HK$1.03 billion land premium with a total projected investment of HK$16.8 billion, signaling progress in the government's long-term urban development strategy.