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THURSDAY, SEPTEMBER 22, 1977
SAI KUNG SITE SNAPPED UP FOR $3.4 MILLION
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A PRIME RESIDENTIAL SITE AT SILVER STRAND NORTH IN SAI KUNG WAS SOLD FOR NEARLY $3.4 MILLION AT A PUBLIC AUCTION TODAY - MORE THAN $2 MILLION ABOVE THE UPSET PRICE.
THE 3,000 SQUARE METRE SITE, SITUATED AT A QUIET AND PEACEFUL SPOT WITH AN EXCELLENT SEAVIEW, 1S FOR TWO-STOREY, PRIVATE RESIDENTIAL DEVELOPMENT.
THE SENIOR ESTATE SURVEYOR OF THE SAI KUNG DISTRICT OFFICE, MR. GORDON MOFFOOT, WHO CONDUCTED THE SALE AT THE DISTRICT OFFICE, INVITED AN OPENING BID OF $1.3 MILLION AND STEADY BIDDING QUICKLY FOLLOWED.
THE HAMMER FELL AT THE HIGHEST BID OF $3.38 MILLION ABOUT $106 PER SQUARE FOOT OFFERED BY THE FOOK NOW ENTERPRISES CO. LTD.
MR. MCFFOOT SAID AFTER THE AUCTION THAT THE KEEN BIDDING WAS PROBABLY DUE TO THE SITE BEING IN AN AREA IDEALLY SUITED FOR EITHER TOWNHOUSE OR APARTMENT DEVELOPMENT.
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+SUCH DEVELOPMENT HAS BECOME VERY POPULAR SO POPULAR IN FACT THAT A SUPERMARKET IS ABOUT TO BE BUILT TO SERVICE SILVER STRAND, + HE SAID.
THE BUILDING COVENANT OF THE SITE IS $640,000 OVER THREE YEARS, EXCLUDING THE COST OF SITE FORMATIONS, FOUNDATIONS, ACCESS ROADS AND OTHER ANCILLARY WORKS.
HEARING OF COMMISSION OF INQUIRY ON SEK KONG INCIDENT
AT VICTORIA DISTRICT COURT
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THE COMMISSION SET UP TO INQUIRE INTO EVENTS WHICH OCCURRED IN THE COURSE OF A LIVE TELEVISION BROADCAST BY TVE LTD.
AT SEK KONG ON JULY 1, 1977 WILL HOLD A PRELIMINARY HEARING AT RCOM 101, VICTORIA DISTRICT COURT BUILDING, FIRST FLOOR, EATTERY PATH, HONG KONG, NEXT TUESDAY (SEPTEMBER 27) AT 10 A.M.
IT IS EXPECTED THAT WITNESSES WILL BE CALLED TO GIVE EVIDENCE BEFORE THE COMMISSION EARLY NEXT MONTH (OCTOBER).
LATER.
THE VENUE AND DATES FOR THESE HEARINGS ..ILL BE ANNOUNCED
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