Hong Kong's property development sector shows strong competition as multiple developers submit bids for a prime residential project in Ho Man Tin. The government's Fat Kwong Street site, valued at approximately HK$2 billion, attracted 10 competitive tenders before the submission deadline. This significant interest underscores robust demand in Hong Kong's luxury residential market and reflects developers' confidence in the city's real estate sector despite market challenges. The successful bidder will undertake a major residential development in one of Kowloon's most sought-after districts.

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