The tender for a Mong Kok site has been awarded on a 50-year land grant at a premium of $467.18 million, the Lands Department announced today.

Kowloon Inland Lot No. 11240 at the junction of Soy Street and Shanghai Street was awarded to Worth Forever, a subsidiary of Bring Bright.

It has a site area of about 625.5 sq m with a minimum gross floor area of 3,751.75 sq m.

The maximum gross floor area for private residential purposes is 4,691.25 sq m.

The maximum gross floor area for non-industrial purposes is computed according to the relevant special condition in the conditions of sale.