14 August 2014 - Billion Development outbid property giants including Cheung Kong Holdings (0001) and Henderson Land (0012) and won the commercial-cum-residential site with a gross floor area of 1.07 million square feet in Yeung Uk Road, Tsuen Wan, for HK$3.94 billion. The price obtained was lower than market estimates.
In addition, Wang On Group (1222) was awarded a Ma On Shan site for HK$428 million. It is expected that the total investment of the site will be approximately HK$1 billion.
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