The tenders for a commercial site and a residential site have been awarded on 50-year land grants for a total premium of $30.5 billion, the Lands Department announced today.
The commercial site – Inland Lot No. 9051 on Murray Road in Central – was awarded to Century Base Development, a subsidiary of Henderson Land Development Company, for $23.28 billion.
It has a site area of 2,880 sq m. The minimum and maximum gross floor areas are 25,920 and 43,200 sq m. The residential site – New Kowloon Inland Lot No. 6567 at Kai Tak – was awarded to Fancy Excellent, a subsidiary of KWG Property and Longfor Properties, for $7.23 billion. It has a site area of 9,721 sq m.The minimum and maximum gross floor areas are 32,079 sq m and 53,465 sq m.