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RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong

Residential site in Kowloon Tong sold for $12.45b

It was awarded to Wharf subsidiary Alpha Pioneer.

The tender for a Kowloon Tong residential site has been awarded on a 50-year land grant at a premium of $12.451 billion, announced the Lands Department.

New Kowloon Inland Lot No. 6579 at the Junction of Lung Cheung Road and Lion Rock Tunnel Road was awarded to Wharf subsidiary Alpha Pioneer.

It has an area of 11,262 sq m and is designated for private residential purposes.

The minimum and the maximum gross floor areas are 24,326 and 40,543 sq m.

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