Hong Kong awards tenders for residential sites
The Lands Department has awarded tenders for two residential sites for a 50-year land grant at a total premium of $1.85 billion.
Rural Building Lot No. 1165 near 110 Repulse Bay Road on Hong Kong Island was awarded to Winfield Investments Ltd at $1.67 billion. The site is about 4,340 square metres with minimum and maximum gross floor areas of 2,344 square metres and 3,906 square metres.
Tuen Mun Town Lot No. 436 at Kwun Fat Street in Siu Lam was awarded to Billion Ideal Ltd at $180 million. The site is about 9,020 square metres with minimum and maximum gross floor areas of 2,165 square metres and 3,608 square metres.