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Tender awarded for site in Kwai Chung
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     The Lands Department announced today (November 15) that the tender for a site, Kwai Chung Town Lot No. 515 at Lai Kong Street, Kwai Chung, New Territories, has been awarded to the highest tenderer, Might & Right Limited (parent company: CITIC Pacific Limited), on a 50-year land grant at a premium of $1,100,000,000.

     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) Ace Reward Investments Limited (Wheelock Properties Limited);
(2) Charmfield Pacific Limited (K. Wah International Holdings Limited);
(3) Dynasty Rise Limited (Sino Land Company Limited);
(4) Pacific Great International Limited (Sun Hung Kai Properties Limited);
(5) Sky Prime Enterprises Limited (CK Asset Holdings Limited);
(6) Star World Property Limited (Hon Kwok Land Investment Company, Limited);
(7) Wealthy Guide Limited (Kerry Properties Limited); and
(8) Well Luck Limited (Grand Ming Group Holdings Limited).
 
     Kwai Chung Town Lot No. 515 has a site area of about 3 880 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes. The minimum gross floor area is 16 494 sq m. The maximum gross floor area for private residential purposes that may be attained is 23 280 sq m. The maximum gross floor area for non-industrial (excluding private residential, godown, hotel and petrol filling station) purposes is computed according to the relevant special condition in the Conditions of Sale. The aforementioned minimum gross floor area and maximum gross floor area for non-industrial (excluding private residential, godown, hotel and petrol filling station) purposes include the gross floor area of government accommodation, being a public transport terminus, a day activity centre and a hostel for severely mentally handicapped persons, to be constructed by the purchaser under the Conditions of Sale.
 
Ends/Tuesday, November 15, 2022
Issued at HKT 18:25
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