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Tender results for two residential sites

The Lands Department today (March 12) announced that the tender for a residential site, Lot No. 1681 in Demarcation District No. 243 at the junction of Pik Sha Road and Clear Water Bay Road, Sai Kung, New Territories, has been awarded to Ever Shine Development Limited (parent company: Letrich Property Limited) on a 50-year land grant at a premium of $160 million.

"Authority from the Central Tender Board was given to the Lands Department to award the site to the highest tenderer," a Lands Department spokesman said.

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

Lot No. 1681 in Demarcation District No. 243
(1) All Great Investment Limited (Emperor International Holdings Limited)
(2) Big Ocean Corporation Limited (Jet Ocean Properties Limited)
(3) Ease Treasure Investment Limited (Great Eagle Holdings Limited)
(4) East Region Limited (Sino Land Company Limited)
(5) Firstway Holdings Limited (Paliburg Holdings Limited and Regal Hotels International Holdings Limited)
(6) Fortune Investment Holding Limited
(7) Gain Prosperity Limited
(8) Grace Friend Limited
(9) Moral Smart Capital Investment Limited (Gemini Investments (Holdings) Limited)
(10) New Acme Holdings Limited
(11) Noble Fame Development Limited (Chuang's Consortium International Limited)
(12) On Grand (H.K.) Limited (Vigour City Limited (B.V.I.))
(13) Rich Asia Management Limited (Yau Lee Holdings Limited)
(14) Star Eagle Enterprises Limited (Outerspace Development Limited)
(15) Sunny Eastern Limited (Bonds Group Company Limited)
(16) Time Fort Limited (K&K Property Holdings Limited)

Lot No. 1681 in Demarcation District No. 243 has a site area of about 1 242.7 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 448 sq m and 745.62 sq m respectively.

As for a residential site at Tai Po Town Lot No. 213 at Fo Chun Road, Pak Shek Kok, Tai Po, New Territories, the Government has rejected the seven tenders which were received when the tender closed on March 7.

"Authority from the Central Tender Board was given to the Lands Department to reject all the seven tenders received for the purchase of Tai Po Town Lot No. 213 as the tendered premiums do not meet the Government's reserve price for the site," the Lands Department spokesman said.

The tenderers in alphabetical order with the name of the parent company where provided by the tenderer in brackets were:

Tai Po Town Lot No. 213
(1) Capital Bright Development Limited (Sino Land Company Limited)
(2) Citypoint Investment Limited (Cheung Kong (Holdings) Limited)
(3) Handy Solution Limited (Wheelock Properties Limited)
(4) Magic Energy Limited (Great Eagle Holdings Limited)
(5) Smart Base Holdings Limited (Paliburg Holdings Limited and Regal Hotels International Holdings Limited)
(6) Super Great Limited (Sun Hung Kai Properties Limited)
(7) Super Record Limited (New World Development Company Limited)

Tai Po Town Lot No. 213 has a site area of about 19 000 sq m and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 39 900 sq m and 66 500 sq m respectively.

Ends/Wednesday, March 12, 2014
Issued at HKT 17:31

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