Xinhua News (reporter Zhangxiaoli) yesterday from the Jones volume of the bank learned that by its deputy Peak Road 20th Hong Kong, Hong Kong and the mainland open tender. It is reported that 20th Peak Road, overlooking the Victoria Harbour, is located under the fog line and is the only land available for sale at Peak Road. The site, which is about 25,800 square feet (about 2394.4 square metres), is 0.5 times times the permitted plot ratio and will be able to build a floor area of up to 12,900 square feet (about 1197.2 sq m) in future. According to media reports in Hong Kong, the average price of the project will exceed HK $68,000 (about HK $730,000 per square metre), and the market value of Peak Road 20th will be expected to surpass HK $880 million. Open tender closing date is 12 o'clock noon September 15, 2010.
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