The Lands Department announced today (July 24) that the tender for a site, New Kowloon Inland Lot No. 6577 at Kai Tak Area 4A Site 1, Kai Tak, Kowloon, has been awarded to the highest tenderer, Dragon Star H.K. Investments Limited (parent company: K. Wah International Holdings Limited, Wheelock Properties Limited and China Overseas Land & Investment Limited), on a 50-year land grant at a premium of $12,739,800,000.
The tenderers, other than the successful tenderer, in alphabetical order, with the name of the parent company where provided by the tenderer in brackets, were:
(1) Asia Horizon Limited (Sino Land Company Limited);
(2) Asset Capital Limited (Sun Hung Kai Properties Limited); and
(3) Great Rainbow Investments Limited (CK Asset Holdings Limited).
New Kowloon Inland Lot No. 6577 has a site area of about 16 385 square metres and is designated for private residential purposes and Government Accommodation, being a residential care home for the elderly and a child care centre. The minimum gross floor area is 59 969 sq m and the maximum gross floor area that may be attained is 99 948 sq m. Both include the gross floor area of Government Accommodation to be constructed by the purchaser.
Follow this news feed: East Asia