Lands Department releases tender amounts submitted for site in Kai Tak

     The Lands Department announced today (October 13) that in respect of the tender for the site New Kowloon Inland Lot No. 6590 at Kai Tak Area 2A Site 2 and Site 3, Kai Tak, Kowloon, which was awarded on September 13 to the successful tenderer, Capital Asian Limited (parent companies: Sino Land Company Limited, China Overseas Land & Investment Limited, Great Eagle Holdings Limited and Chinese Estates Holdings Limited), on a 50-year land grant at a premium of $5,350,000,000, the tender amounts submitted by the unsuccessful tenderers in descending order are published on an anonymous basis as follows:

(1) $4,010,000,000
(2) $3,056,000,000
(3) $2,976,800,000
(4) $2,801,000,000
(5) $1,200,000,000
     The information disclosed in this press release is for information only.

Ends/Friday, October 13, 2023
Issued at HKT 17:09