
Sun Hung Kai unit buys Tung Chung site for $602m
The site spans approximately 10,648 square meters.
The Lands Department has awarded a 50-year land grant for Tung Chung Town Lot No. 55 to Land Castle, a subsidiary of Sun Hung Kai Properties, for $602m.
The site is located in Area 106B and spans approximately 10,648 square meters. It has been granted under a 50-year land lease for private residential development.
According to the department, the site has a minimum gross floor area of 22,361 square meters and a maximum of 37,268 square meters.