Tuen Mun site tender awarded to Kaisa Group

Business | 13 Jan 2020 7:26 pm

The tender for a site designated for private residential purposes in Tuen Mun has been awarded to the highest tenderer Kaisa Group Holdings on a 50-year land grant at a premium of HK$3.5 billion, the Lands Department said today.

The Tuen Mun Town Lot No. 518 at Castle Peak Road - Castle Peak Bay, Area 48 has a site area of about 13,538 square meters, and the minimum and maximum gross floor area are 32,492 sq m and 54,152 sq m respectively.

The site received a total of 16 tenders by developers.

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