The tender for a non-industrial site in Kwai Chung was awarded on a 50-year land grant at a premium of $1.1 billion, the Lands Department announced today.

Lot No. 515 at Lai Kong Street was awarded to Might & Right Limited, a subsidiary of CITIC Pacific.

It has a site area of about 3,880 sq m and is designated for non-industrial purposes, excluding godown, hotel and petrol filling station.

The site’s minimum and maximum gross floor areas are 16,494 sq m and 23,280 sq m.