101 views
Photo by Jimmy Chan via Pexels

Lands Department sells Sha Tin non-industrial site for $619m

This was awarded on a 50-year grant.

The Lands Department has awarded to a subsidiary of Sun Hung Kai Properties the tender for a non-industrial site in Sha Tin on a 50-year land grant at a premium of $619m.

In a statement, authorities said Sha Tin Town Lot No. 623 at Yuen Shun Circuit, Siu Lek Yuen was awarded to Fair Opal. 

The property has a site area of about 2,425 square metres (sq.m.) and is designated for non-industrial purposes, excluding use by godown, hotel or petrol filling station. It has a minimum and maximum gross floor area of 8,730 sq.m. and 14,550 sq.m., respectively.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Startup Surge Motion eyes US expansion 
The company is pioneering a technology in fall prevention for the elderly.
OKOSIX eyes $5m funding to increase reach
The green-tech startup will use the funds to apply for global patents and scale production.
Contracting jobs in high demand in Hong Kong
Interim hires, who don’t need fringe benefits, are favoured amidst corporate belt-tightening.
Hong Kong shops need new strategy versus mainland
They must innovate, improve service or partner with their rivals amidst slumping sales.