The tender for a site at Fat Kwong Street, Ho Man Tin has been awarded on a 50-year land grant at a premium of $4,308,288,000, the Lands Department announced today.

Kowloon Inland Lot No. 11301 was awarded to Asia Insight Investments, a subsidiary of Kerry Properties.

Designated for private residential purposes, the lot has a site area of about 5,170 sq m, with a minimum gross floor area of 11,580 sq m and a maximum gross floor area of 19,300 sq m.

These figures exclude the gross floor area of stipulated government accommodations, namely a neighbourhood elderly centre sub-base and a mental wellness community centre sub-based. Both are to be constructed by the purchaser under the conditions of sale.