Two sites raked in over $14b

Check out the winning bidders.

According to a report by the Lands Department, the tenders for a residential site and a commercial site have been awarded on 50-year land grant at a total premium of just over $14 billion.

The residential site, Kowloon Inland Lot No. 11227 at the junction of Sheung Lok and Sheung Shing Streets in Ho Man Tin, Kowloon, was awarded to Classic Gold Holdings for $11.68788 billion.

It has a site area of about 24,077 square metres, the minimum gross floor area is 63,666 square metres and the maximum gross floor area is 106,110 square metres.

The commercial site, Tung Chung Town Lot No. 11 at the junction of Tat Tung Road and Mei Tung Street, in Tung Chung on Lantau, was awarded to Project Success Global for $2.328 billion.

It has a site area of about 10,026 square metres and is designated for non-industrial purposes. The minimum gross floor area is 30,078 square metres and the maximum gross floor area is 50,130 square metres.