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January 26, 2018

Kowloon Tong site awarded to Wharf (Holdings) at $12.451 billion
The tender for a Kowloon Tong residential site has been awarded on a 50-year land grant at a premium of $12.451 billion, the Lands Department announced on January 16.
     New Kowloon Inland Lot No. 6579 at the Junction of Lung Cheung Road and Lion Rock Tunnel Road was awarded to Wharf (Holdings) subsidiary Alpha Pioneer. It has an area of 11,262 sq m and is designated for private residential purposes. The minimum and the maximum gross floor areas are 24,326 and 40,543 sq m.
     Another tender for a residential site in Kwun Tong has been awarded on a 50-year land grant at a premium of $3.1128 billion, the Lands Department announced on January 24. 
     Lot No. 1068 off Anderson Road was awarded to Clever Like, a subsidiary of Chime Corporation (Chinachem Group). It has a site area of 5,354 sq m and is designated for private residential purposes. The minimum and maximum gross floor areas are 14,456 and 24,093 sq m.


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