CTG Investment

CTG Investment is a consortium that has secured a significant land development project in Hong Kong's Northern Metropolis. The group, comprising mainland Chinese state-owned and private entities alongside a major Hong Kong developer, won the tender for a 10.5-hectare site for HK$1.03 billion. This marks the first "large-scale land disposal" project in the Northern Metropolis, with a projected total investment of HK$16.8 billion. The Development Bureau announced the award, highlighting the consortium's composition. Hong Kong's Secretary for Development, Bernadette Linn Hon-ho, praised the "diversified" nature of the winning bid, emphasizing the government's goal of fostering collaboration between property developers and industry operators. CTG Investment's success is newsworthy due to the scale of the project and its strategic importance within the Northern Metropolis development plan, signaling confidence in the region's future.