This came despite the fourth wave of Covid-19 infections and with Sino-US tensions continuing to weigh on the property market. Surveyors had valued the residential site at between HK$7.7 billion to HK$11.1 billion, or HK$30,000 to HK$43,000 per buildable sq ft. The site covers a total area of 134,884 sq ft, with a maximum gross floor area of 259,337 sq ft. The plot Wharf has secured comprises 2, 4, 6 and 8 Mansfield Road. If demolished, experts say, a rebuilding program could produce close to 72,000 sq ft in gross floor area.

Source: The Standard December 23, 2020 19:07 UTC