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Tenders awarded for commercial site and residential site

The Lands Department today (January 15) announced that the tenders for a commercial site and a residential site have been awarded on 50-year land grants at a total premium of $3,979.1 million.

The commercial site, Kwun Tong Inland Lot No. 761 at the junction of Hang Yip Street, Wai Yip Street, Yan Yip Street and Kwun Tong Road, Kwun Tong, Kowloon, was awarded to Sunstone KB (HKSAR) Limited (parent company : Mapletree Investments Pte Limited) at $3,769 million. The residential site, Sha Tin Town Lot No. 603 at Lok Lam Road, Fo Tan, Sha Tin, New Territories, was awarded to Eltara Limited (parent company: AG Acquisition O (BVI) Limited) at $210.1 million.

"Authority from the Central Tender Board was given to the Lands Department to award the two sites to the highest tenderers," a Lands Department spokesman said.

The tenderers, other than the successful tenderer, in respect of each lot in alphabetical order with the name of the parent company where provided by the tenderer in brackets were:

(a) Kwun Tong Inland Lot No. 761
(1) Dragon Epoch Limited
(2) East Region Limited (Sino Land Company Limited)
(3) Macro East Limited
(4) Modern Hong Kong Limited (Swire Properties Limited)
(5) Rosy Advance Limited (Rosy Isle Limited)
(6) Smart Base Holdings Limited (Paliburg Holdings Limited & Regal Hotels International Holdings Limited)
(7) Smart Union Limited (Chinese Estates Holdings Limited)
(8) Super Record Limited (New World Development Company Limited)
(9) Ultimate Chance Investments Limited
(10) Wealthy Bay Limited (The Wharf (Holdings) Limited)
(11) Wilson Investments Limited (Cheung Kong (Holdings) Limited)

(b) Sha Tin Town Lot No. 603
(1) Capital Bright Development Limited (Sino Land Company Limited)
(2) Century Wisdom Limited (National Electronics Holdings Limited)
(3) City Sight Limited (Far East Consortium International Limited)
(4) Ever Shine Development Limited (Letrich Property Limited)
(5) Get Nice International Limited (Get Nice Holdings Limited)
(6) HKRP Management Limited (HKR International Limited)
(7) New Rich Investments Limited (Wang On Group Limited)
(8) Rich Asia Management Limited (Yau Lee Holdings Limited)
(9) Royal Billion Investment Limited (Billion Ample Holdings Inc)
(10) Sunshine Business Holdings Limited
(11) Ultimate Lead Limited (Paliburg Holdings Limited & Regal Hotels International Holdings Limited)
(12) World Goal Limited (Emperor International Holdings Limited)

Kwun Tong Inland Lot No. 761 has a site area of about 5,112 square metres and is designated for non-industrial (excluding residential, hotel, godown, petrol filling station and residential care home) purposes. The minimum gross floor area and the maximum gross floor area are 36,806 sq m and 61,344 sq m respectively.

Sha Tin Town Lot No. 603 has a site area of about 1,190 sq m and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 1,499 sq m and 2,499 sq m respectively.


Ends/Wednesday, January 15, 2014
Issued at HKT 18:06

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