The tender for a private residential site on Lantau Island has been awarded on a 50-year land grant at a premium of over $203 million, the Lands Department announced today.
 

Lot No. 722, at Demarcation District No. 332, on Tung Chung Road, Cheung Sha, was awarded to APEX King, a subsidiary of Sino Land. APEX King submitted the only tender for the lot.
 

The lot has a site area of about 19,000 sq m and is designated for private residential purposes.
 

The site’s minimum and maximum gross floor areas are 4,560 sq m and 7,600 sq m.