Sha Tin site garners six bids from major developers

The Lands Department has received six bids for a site in Sha Tin after its tender closed at noon.

CK Asset (1113), Sun Hung Kai Properties (0016), Sino Land (0083), China Overseas Land & Investment (0688), and K&K Property were said to be among the developers who submitted offers.

The site, Sha Tin Town Lot No 651, has an area of about 3,600 square meters, with an attainable gross floor area maxing out at 18,000 sq m.

Market valuation for the plot ranges from HK$540 million to HK$680 million, or HK$2,800 to HK$3,500 per square foot.

STAFF REPORTER