HNA Group pays HK$5.53 billion for its third land parcel Kai Tak site, Kowloon, Hong Kong
Hong Kong ‘s Lands Department has announced Wednesday that the tender for a site, New Kowloon Inland Lot No. 6564 at Kai Tak Area 1L Site 1, Kai Tak, Kowloon, has been awarded to the highest tenderer, HNA Group’s Top Genius Holdings Limited (parent company: Onwards Asia Limited), on a 50-year land grant at a premium of $5,529.7 million.
New Kowloon Inland Lot No. 6564 has a site area of about 7,318 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 23,711 sq m and 39,517 sq m respectively.
Source: The Lands Department