Yuen Long site sold to Carlford Investments for $2.41bn

The site has an area of about 12,340 square metres and is designated for non-industrial purposes.

A site at Yuen Long On Ning Road, Tai Kiu Road and Yuen Long On Lok Road had been awarded to Carlford Investments Limited on a 50-year land grant at a premium of $2.41 billion, the Lands Department on Monday announced.

The site has an area of about 12,340 square metres and is designated for non-industrial purposes, with a gross floor area between 57,075 and 61,700 square metres.

The total number of residential units to be built cannot be less than 960. At least 800 units must range in saleable area from 35 to 40 square metres and at least 160 units must range in saleable area from exceeding 40 square metres to 60 square metres. The size of each residential unit must not exceed 60 square metres in saleable area.