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September 15, 2016

Sha Tin site awarded to Cheung Kong Property
The tender for a Sha Tin site has been awarded on a 50-year land grant at a premium of $1.953 billion, the Lands Department announced on September 14. Sha Tin Town Lot No. 614 at Lai Ping Road, Kau To, was awarded to Cheung Kong Property subsidiary Rich View Investments. It has a site area of 6,299 sq m and is designated for private residential purposes. The minimum and maximum gross floor areas are 13,606 sq m and 22,676 sq m.
     The Lands Department also announced a Kai Tak site in the 2016-17 Land Sale Programme will be sold by public tender, New Kowloon Inland Lot No. 6565 has a site area of 11,262 square metres with minimum and maximum gross floor areas of 36,489 and 60,814 sq m. The tender invitation for the lot will open September 23 and close October 28.