Tseung Kwan O site fetched a whopping $428m

Here's the winning bidder.

In a report, the Lands Department announced today that the tender for a Tseung Kwan O site has been awarded on a 50-year land grant at a premium of $428 million.

The awarded tenderer is Wealth Up Development (parent company: SUNeVision Holdings).

Tseung Kwan O Town Lot No. 122 at Wan Po Road has an area of about 10,300 square metres and is designated for high-tier data-centre purposes.

The minimum gross floor area is 26,400 square metres and the maximum gross floor area is 44,000 square metres. 

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