The tender for a Tuen Mun residential site has been awarded on a 50-year land grant at a total premium of $1.051 billion, the Lands Department announced yesterday.
Tuen Mun Town Lot No. 515 was awarded to Great Alliance, a subsidiary of Sun Hung Kai Properties.
It has a site area of 11,048 sq m, and the minimum and maximum gross floor areas are 26,516 and 44,192 sq m.
At least 735 residential units must be built.