Tung Chung hotel site tendered

Tung Chung hotel site tendered
The tender for a Tung Chung hotel site has been awarded on a 50-year land grant at a total premium of $1.83 billion, the Lands Department announced today.

 Tung Chung Town Lot No. 38 was awarded to Brand Rise, a subsidiary of Shimao Property Holdings and Mingfa Group (International) Company.

It has a site area of 12,902 sq m, and the minimum and maximum gross floor areas are 34,029 sq m and 56,715 sq m.

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