Mong Kok site sold

The tender for a non-industrial site in Mong Kok has been awarded on a 50-year land grant at a premium of $4.729 billion, the Lands Department announced today.


Inland Lot No. 11273 at the junction of Sai Yee Street and Argyle Street was awarded to East Classic Development, a subsidiary of Sun Hung Kai Properties.


It has a site area of about 11,537 sq m and is designated for non-industrial purposes, excluding residential, godown and petrol filling station.


The site’s minimum and maximum gross floor areas are 84,960 sq m and 141,600 sq m.