HONG KONG -- Henderson Land Development has purchased Hong Kong's most expensive plot of commercial land from the government with a record-breaking bid of HK$50.8 billion ($6.5 billion), vowing to create a "world class" green landmark in the skyscraper-dominated area.
The prime harborfront property on Hong Kong island alongside the International Finance Centre -- the city's second-tallest structure -- measures 516,316 sq. feet (48,000 sq. meters) and adds to Henderson's portfolio in Central District. The winning bid broke the previous record set by Sun Hung Kai Properties at HK$42 billion.
