Kerry Properties (HKG:0683) has been awarded the private residential site of Tuen Mun Town Lot No. 423 at Area 48, Castle Peak Road, So Kwun Wat, Tuen Mun, New Territories by the Lands Department at a premium of HK$2.739 billion, representing an accomodation value of HK$2,915.

The premium is within market forecasts of HK$2.2-3.38 billion, representing accomodation values of HK$2,341-3,600.