The tender for a Tai Wo Ping residential site has been awarded on a 50-year land grant at a premium of $7.02 billion, the Lands Department announced today.
New Kowloon Inland Lot No. 6542 on Yin Ping Road was awarded to Shimao Property.
It has an area of 20,401 square metres.
The minimum and maximum gross floor areas are 35,250 and 58,750 sq m.