Tender amounts submitted for site at the Peak

     The Lands Department announced today (March 10) that in respect of the tender for the site Rural Building Lot No. 1222 at Nos. 9 and 11 Mansfield Road, the Peak, Hong Kong, which was awarded on February 9 to the successful tenderer, Active Pursuit Limited (parent companies: Wharf Development Limited, Boswell Holdings Ltd, Cheung Chung Kiu, Chan Hoi Wan and Lau Luen Hung, Thomas), on a 50-year land grant at a premium of $7,250,000,000, the tender amounts submitted by the unsuccessful tenderers in descending order are published on an anonymous basis as follows:

(1) $6,113,000,000
(2) $5,520,000,000
(3) $4,460,000,000
(4) $4,350,000,000
     
     The information disclosed in this press release is for information only.