Tseung Kwan O site fetched a whopping $428m
Here's the winning bidder.
In a report, the Lands Department announced today that the tender for a Tseung Kwan O site has been awarded on a 50-year land grant at a premium of $428 million.
The awarded tenderer is Wealth Up Development (parent company: SUNeVision Holdings).
Tseung Kwan O Town Lot No. 122 at Wan Po Road has an area of about 10,300 square metres and is designated for high-tier data-centre purposes.
The minimum gross floor area is 26,400 square metres and the maximum gross floor area is 44,000 square metres.