FLATS built under a scheme to house civil servants in Hong Kong are being offered for private tender for the first time, in a move seen by industry experts as a highly efficient way to free up urban land for redevelopment.
Thirteen out of 16 owners at the four-storey Orion Court in Kowloon Tong, built in 1960 under the Civil Servants Cooperative Building Society Scheme (CBS), have agreed to offer their homes for sale at an indicative price of HK$600mil (RM320mil).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!