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December 24, 2018

TKO data centre site sold
The tender for a Tseung Kwan O site has been awarded on a 50-year land grant at a premium of $5.456 billion, the Lands Department announced on December 21. Tseung Kwan O Town Lot No. 131 at Wan Po Road, Area 85, was awarded to Easy Vision Development Limited, a subsidiary of Sunevision Holdings.
     It has a site area of 27,444 sq m and is designated for high-tier data centre purposes. The minimum and the maximum gross floor areas are 67,584 sq m and 112,640 sq m.
     According to news report, the winning bid was 45% higher than the market estimate of HK$3.75 billion for the plot. The price tag for the plot is equivalent to HK$4,500 per sq ft, up fivefold from the HK$904 per sq ft that Sunevision paid for another site in 2013. Five years ago, Sunevision won the site at tender for HK$428 million.



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