The tender for a Kai Tak site has been awarded on a 50-year land grant for a premium of $25.161 billion, the Lands Department announced today.
The site, located at New Kowloon Inland Lot No. 6568 at Kai Tak Area 1F, Site 1, was awarded to Super Great Limited, a subsidiary of Sun Hung Kai Properties.
It has a site area of 16,556 sq m and is designated for non-industrial uses.
The minimum and maximum gross floor areas are 78,897 sq m and 131,495 sq m. Both include the gross floor area of residential care homes and day care centres for the elderly to be constructed by the developer.