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Tender awarded for site in Sha Tin

     The Lands Department today (June 25) announced that the tender for a site, Sha Tin Town Lot No. 599 at Ma Kam Street, Ma On Shan, Sha Tin, New Territories, has been awarded to Grandwall Investment Limited (parent companies: Kam Wah Holdings Limited and Wang On Group Limited) on a 50-year land grant at a premium of $703.8 million.

     "Authority from the Central Tender Board was given to the Lands Department to award the site to the highest tenderer," a Lands Department spokesman said.

     The tenderers, other than the successful tenderer, in alphabetical order with the name of the parent company where provided by the tenderer in brackets were:

(1) Champion Wish Limited (Soundwill Holdings Limited)
(2) China Cyberworld Limited (Chuang's China Investments Limited)
(3) City Sight Limited (Far East Consortium International Limited)
(4) Conford Investments Limited (Cheung Kong (Holdings) Limited)
(5) Dragon Star H.K. Investments Limited (K. Wah International Holdings Limited)
(6) Elite Land Development Limited (Sino Land Company Limited)
(7) Fine Time Development Limited (Hong Kong Ferry (Holdings) Company Limited)
(8) Grace Friend Limited
(9) Hanforth Limited
(10) HKRP Management Limited (HKR International Limited)
(11) Hong Fok Corporation (HK) Limited (Hong Fok Corporation Limited)
(12) K Wise Limited (K&K Property Holdings Limited)
(13) Moral Smart Capital Investment Limited (Gemini Investments (Holdings) Limited)
(14) Rosy Advance Limited (Rosy Isle Limited)
(15) Smart Base Holdings Limited (Paliburg Holdings Limited and Regal Hotels International Holdings Limited)
(16) Super Record Limited (New World Development Company Limited)
(17) Top Union Enterprises Limited (Clearwood Holdings Limited)

     Sha Tin Town Lot No. 599 has a site area of about 3,091 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 11,160 sq m and 18,600 sq m respectively. The total number of residential units to be built shall not be less than 310.

Ends/Wednesday, June 25, 2014
Issued at HKT 17:21


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