Development Bureau announces tender result for Hung Shui Kiu pilot area under large-scale land disposal

The Development Bureau (DEVB) announced today (August 24) that the pilot area project under large-scale land disposal located in Hung Shui Kiu/Ha Tsuen New Development Area (HSK) in the Northern Metropolis (NM) has the tender assessment completed. With the approval of the Central Tender Board (CTB), the Government decided to award the project to HSK New Development Limited. The successful tenderer scored higher marks than the other tenderer in both non-premium and premium aspects, with an accepted tender price at $1.03 billion. The six shareholders of the successful tenderer are the subsidiaries of China Overseas Land and Investment Limited, China Merchants Land Limited, China Resources Land Limited, China Tourism Group Corporation Limited, JD.com, Inc. (JD) and Sino Land Company Limited respectively. The Secretary for Development, Ms Bernadette Linn, said, "The HSK pilot area is the first tender project under large-scale land disposal in the NM, covering a total area of nearly 11 hectares. It is a project of considerable scale with a long investment period. The consortium of the successful tenderer encompasses not only major enterprises that have long participated in local real es