Yuen Long residential site sold

The tender for a residential site in Yuen Long has been awarded on a 50-year land grant at a premium of $716 million, the Lands Department announced today.   Lot No 1677 in Demarcation District No 115 at the junction of Lau Yip Street and Chung Yip Road was awarded to Crown Gain Investments, a subsidiary of CK Asset Holdings.   It has a site area of about 15,208 sq m and is designated for private residential purposes.   The site's minimum and maximum gross floor areas are 4,379.8 sq m and 7,299.8 sq m.
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