Tender awarded for site in Sai Kung
The Lands Department today (October 27) announced that the tender for a site, Lot No. 1950 in Demarcation District No. 221 at Area 4, Sai Kung Town, New Territories, has been awarded to Cheer Regal Limited on a 50-year land grant at a premium of $719.3 million.
"Authority from the Central Tender Board was given to the Lands Department to award the site to the highest tenderer," a Government spokesman said.
The other tenderer was East Kong International Industrial Limited.
Lot No. 1950 in Demarcation District No. 221 has a site area of about 17,940 square metres and is designated for hotel purposes. The minimum gross floor area and the maximum gross floor area are 16,146 square metres and 26,910 square metres respectively.
Ends/Thursday, October 27, 2011
Issued at HKT 17:18