The Lands Department of HKSAR Government had announced recently that HSBC won a commercial site in Shatin's industrial district in a government tender.

     The 91,849 sq ft site is planned for non-residential use and could provide a total GFA of 459,246 sq ft. The Planning Department imposes a building height restriction of 115 m on the site.

     According to report, the bank had outbid six other bidders for the site at the junction of On Yiu Street, On Kwan Street and On Lai Street in Shek Mun, Shatin industrial district with an offer of HK$816 million, or HK$1,777 per sq ft.