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Henderson unveils big plans for NT.
(From The Standard)
Byline: Raymond Wang
Henderson Land Development, Hong Kong's No3 developer, has posted a 76 percent jump in full-year net profit and unveiled two mega housing projects in the New Territories that analysts estimate to cost HK$10 billion each.
The two projects, in Wu Kai Sha and Fan Ling, will yield a combined developable floor area of more than 10 million square feet, said Henderson Land's chairman Lee Shau-kee in the group's earnings statement. It didn't reveal the expected investment costs.
Henderson, which was outbid by Sun Hung Kai Properties in the government auction for the Ngau Chi Wan site Tuesday, has been …
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