The Lands Department today announced that the tender for a site at Pak Shek Kok has been awarded to the highest tenderer, King Future Limited (parent company: Billion Real Estate Holdings Limited), on a 50-year land grant at a premium of HK$4,023.88 million.
Other tenderers include Vanke Property, Sun Hung Kai Properties (00016), Cheung Kong Property (01113), Grand Ming Group (01271), Fancy Excellent, Wheelock Properties (00020), Henderson Land Development (00012), New Fusion Trading , Far East Consortium (00035), Sino Land (00083), K. Wah International (00173), New World Development (00017), Paliburg Holdings (00617), and Success Creation International.
The site has an area of about 28,685 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 61,960 sq m and 103,266 sq m respectively.
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