Melody Chen

A residential site in Kowloon City is being sold by public tender with an estimated value of around HK$195 million, down 35 percent from its 2022 valuation, joint sole agents Colliers and CBRE said.

It was previously tendered in mid-2022 with a market valuation of about HK$300 million.

The site at 93 and 95 Hau Wong Road is around 3,042 square feet and offers a gross floor area of about 27,378 sq ft, translating to a value of around HK$7,123 per sq ft.