The tender for a Tung Chung hotel site has been awarded on a 50-year land grant at a total premium of $1.83 billion, the Lands Department announced today.
Tung Chung Town Lot No. 38 was awarded to Brand Rise, a subsidiary of Shimao Property Holdings and Mingfa Group (International) Company.
It has a site area of 12,902 sq m, and the minimum and maximum gross floor areas are 34,029 sq m and 56,715 sq m.