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Sun Hung Kai Properties unit wins tender for Hong Kong site

's OpalLucky Ltd. won a 50-year land grant for a site in New Territories, Hong Kong, forHK$350.1 million.

Accordingto the city's Lands Department, the 567-square-meter site has planning permissionfor nonresidential purposes, excluding hotel, petrol filling station and residentialcare homes.

Locatedat Kwai Chung Town Lot No. 522 at the junction of Kwai Chung Road and Kwai On Road,Kwai Chung, it has a maximum gross floor area of 5,386 square meters.

Therewere 13 other bidders for the site, including subsidiaries of Sino Land Co. Ltd., HKRInternational Ltd. and a joint venture between Paliburg Holdings Ltd. and Regal Hotels International Holdings Ltd.