2 home sites sold for $2.16b

They boast of a 50-year land grant.

According to a release, The Lands Department has awarded tenders for two residential sites for a 50-year land grant at a total premium of $2.16 billion.

Tseung Kwan O Town Lot No. 125 in Area 68A1, Tseung Kwan O, was awarded to Amblegreen Company for $1.968 billion, while Kowloon Inland Lot No. 11229 at Kwun Chung Street, Kowloon, was awarded to Keen Access Holdings for $193.7 million.

The Tseung Kwan O lot has a site area of 15,969 square metres and is designated for non-industrial purposes. The minimum and maximum gross floor areas are 23,954 and 39,923 square metres. At least 400 units must be built.

The Kowloon lot has a site area of 271.3 square metres and is designated for non-industrial purposes. The minimum and maximum gross floor areas are 1,465 and 2,441 square metres.