Tender awarded for site in Tseung Kwan O

The Lands Department today (August 1) announced that the tender for a site, Tseung Kwan O Town Lot No. 115 at Area 66D1, Tseung Kwan O, New Territories, has been awarded to New Regent Asia Limited on a 50-year land grant at a premium of $1,168.933 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 tenderers in alphabetical order were:

(1) Ever Merits Investments Limited
(2) Hinwood Investment Limited
(3) Joint Rise Development Limited
(4) Lucrative Venture Limited
(5) Rich Will Investment Limited
(6) Smart Base Holdings Limited

Tseung Kwan O Town Lot No. 115 has a site area of about 5,026 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes. The minimum gross floor area and the maximum gross floor area are 16,586 square metres and 27,643 square metres respectively, of which not less than 15,078 square metres and not exceeding 25,130 square metres are for private residential purposes. The total number of residential units to be built shall not be less than 360 and shall not exceed 378.

Ends/Wednesday, August 1, 2012
Issued at HKT 17:01