Tender amounts submitted for site in Kai Tak

     The Lands Department announced today (December 19) that in respect of the tender for the site New Kowloon Inland Lot No. 6591 at Kai Tak Area 4B Site 4, Kai Tak, Kowloon, which was awarded on November 14 to the successful tenderer, Rich Fast International Limited (parent company: Golden Sphere Developments Limited), on a 50-year land grant at a premium of $8,906,758,888, the tender amounts submitted by the unsuccessful tenderers in descending order are published on an anonymous basis as follows:

(1) $8,339,000,000
(2) $8,051,000,000
(3) $7,542,000,000
(4) $6,000,000,000
(5) $5,111,000,000
(6) $4,180,000,000

     The information disclosed in this press release is for information only.