The tender for a Kai Tak site has been awarded on a 50-year land grant at a premium of $5.412 billion, the Lands Department announced today.
New Kowloon Inland Lot No. 6562 at Kai Tak Area 1L Site 3 was awarded to Denco Properties, a subsidiary of Sky Hero Developments.
It has a site area of 8,803 square metres and is designated for private residential purposes.
The minimum and maximum gross floor areas are 22,184 and 36,972 sq m.
Kai Tak site awarded