The tender for a Kai Tak site has been awarded on a 50-year land grant for a premium of $25.161 billion, the Lands Department announced on May 15. The site, located at New Kowloon Inland Lot No. 6568 at Kai Tak Area 1F, Site 1, was awarded to Super Great Limited, a subsidiary of Sun Hung Kai Properties.
     It has a site area of 16,556 sq m and is designated for non-industrial uses. The minimum and maximum gross floor areas are 78,897 sq m and 131,495 sq m. Both include the gross floor area of residential care homes and day care centres for the elderly to be constructed by the developer.
     According to data provided by the Lands Department, the plot is the city’s most expensive land parcel. The site is located next to the Kai Tak MTR station. Sun Hung Kai Properties said the total investment cost for the development will be about HK$40 billion.

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