Tenders for a commercial site and two residential sites have been awarded on 50-year land grants at a total premium of $1.584 billion, the Lands Department announced today.
The commercial site, New Kowloon Inland Lot No. 6410 at 650 Cheung Sha Wan Road, was awarded to First Assets Investment Company Limited (parent company: First Group Holdings Limited) for $1.002 billion.
It has a site area of about 1,498 square metres and is designated for non-industrial purposes. The minimum gross floor area is 10,788 sq m and the maximum is 17,980 sq m. Both include the gross floor area to accommodate a post office and its parking, loading and unloading areas, which the purchaser must build.
Residential site Shau Kei Wan Inland Lot No. 854 at the junction of Oi Kan Road and Oi Tak Street was awarded to Oasis Rainbow Limited (parent company: Star Touch Limited) for $434 million.
It has a site area of about 476.4 sq m with a minimum gross floor area of 2,572 sq m, and maximum of 4,287 sq m.
Sha Tin Town Lot No. 604 at Mei Tin Road in Tai Wai was awarded to Polyland Development Limited (parent company: Far East Consortium International Limited) for $148 million.
It has a site area of about 687 sq m and is designated for non-industrial purposes. The minimum gross floor area is 2,474 sq m, and maximum for non-industrial purposes is 2,061 sq m. The maximum gross floor area for private residential purposes is computed according to the relevant special condition in the sale conditions.
