The tender for a Sheung Shui site has been awarded on a 50-year land grant at a premium of $4.185 billion, the Lands Department announced today.
Fanling Sheung Shui Town Lot No. 278 at Area 24, Kwun Tung, New Territories was awarded to Season Investments, a subsidiary of Wheelock Properties.
It has a site area of about 7,624 sq m and is designated for non-industrial purposes excluding godown, hotel and petrol filling station.
The site’s minimum and maximum gross floor areas are 27,447 sq m and 45,744 sq m.