The tender for a Kai Tak site has been awarded on a 50-year land grant at a premium of $11.12 billion, the Lands Department announced today.

New Kowloon Inland Lot No. 6546 at Kai Tak Area 4C Site 4 was awarded to High Smart Investment Limited, a subsidiary of Frontier Journey Limited.

It has a site area of 10,692 sq m and is designated for non-industrial purposes.

The minimum and maximum gross floor areas are 48,114 sq m and 80,190 sq m.