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February 27, 2021

Kai Tak site sold at a premium of $10.28 billion

The tender for a Kai Tak site has been awarded on a 50-year land grant at a premium of $10.28 billion, the Lands Department announced on February 17. New Kowloon Inland Lot No. 6604 at Kai Tak Area 4E Site 2 was awarded to City Champion Investments, a subsidiary of CK Asset Holdings. It has a site area of about 10,948 sq m and is designated for non-industrial purposes, excluding office, godown, hotel and petrol filling station. The site's minimum and maximum gross floor areas are 36,129 sq m and 60,214 sq m.

     The tender for a site at the Peak has been awarded on a 50-year land grant at a premium of $7.25 billion, the Lands Department announced on February 9. Rural Building Lot No. 1222 at Nos. 9 and 11 Mansfield Road was awarded to Active Pursuit, a subsidiary of Wharf Development, Boswell Holdings, Cheung Chung Kiu, Chan Hoi Wan and Lau Luen Hung, Thomas. It has a site area of about 5,067 sq m and is designated for private residential purposes. The site's minimum and maximum gross floor areas are 8,081 sq m and 13,468 sq m. The maximum gross floor area is subject to special condition in the Conditions of Sale.
 



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