The Lands Department today (August 12) announced that the tender for a site, Lot No. 2115 in Demarcation District No. 105 at the junction of San Tam Road and Maple Gardens 1st Street, Ngau Tam Mei, Yuen Long, New Territories, has been awarded to Modern Fortune Trading Limited (parent company: Grand Jubilee Investments Limited) on a 50-year land grant at a premium of $548 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:
(1) Charm City Investments Limited (Cheung Kong Property Holdings Limited)
(2) Harley Investments Limited (Sino Land Company Limited)
(3) K Wise Limited (K&K Property Holdings Limited)
Lot No. 2115 in Demarcation District No. 105 has a site area of about 8,754 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 2,521 sq m and 4,201 sq m respectively.
Ends/Wednesday, August 12, 2015
Issued at HKT 17:00
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