TUESDAY, JANUARY 9, 1979
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RUSH FOR SALE CONDITIONS OF PRESTIGE ISLANDS SITES
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THE ISLANDS DISTRICT OFFICE HAS ALREADY RUN OUT OF COPIES OF THE SALE CONDITIONS FOR THREE PRESTIGE RESIDENTIAL SITES ON LANTAU AND PENG, CHAU TO BE AUCTIONED AT THE CITY HALL ON JANUARY 23.
A DISTRICT OFFICE SPOKESMAN SAID TODAY (TUESDAY) 500 COPIES OF THE CONDITIONS HAD BEEN PRINTED FOR DISTRIBUTION BUT THE DISTRICT OFFICE SUPPLY WAS EXHAUSTED YESTERDAY (MONDAY) WHEN THEY WERE FIRST MADE AVAILABLE TO THE PUBLIC.
+WE HAVE BEEN INUNDATED WITH INQUIRIES ABOUT THE LOTS AND WE ARE NOW ARRANGING TO GET MORE COPIES OF THE CONDITIONS,+ HE SAID.
+WE HOPE THEY WILL BE AVAILABLE NEXT MONDAY, JANUARY 15, FROM OUR OFFICE ON THE FOURTH FLOOR, INTERNATIONAL BUILDING, DES VOEUX ROAD CENTRAL,+
THE SPOKESMAN APOLOGISED FOR THE INCONVENIENCE AND ADVISED ANYONE WISHING TO OBTAIN COPIES OF THE CONDITIONS TO FIRST TELEPHONE THE DISTRICT OFFICE NEXT MONDAY ON 5-457073 EXT. 31 TO CHECK ON THE IR AVAILABILITY.
THE LANTAU SITE IS 1,398 SQUARE METRES IN AREA WHILE THE PENG CHAU SITES EACH MEASURE 372 SQUARE METRES.
THE THREE SITES, ALL EARMARKED FOR HIGH-QUALITY PRIVATE RESIDENTIAL DEVELOPMENT, COMMAND SWEEPING SEA VIEWS AND HAVE OBVIOUSLY AFFECTED WIDE-SPREAD INTEREST FROM POTENTIAL BUYERS, THE SPOKESMAN ADDED.
TWO NON-INDUSTRIAL SITES AUCTIONED
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A NON-INDUSTRIAL SITE AT TSIM SHA TSUI EAST, KOWLOON, WAS SOLD FOR $215 MILLION AT AN AUCTION CONDUCTED BY THE PUBLIC WORKS DEPARTMENT'S CROWN LANDS AND SURVEY OFFICE IN THE CITY HALL TODAY (TUESDAY).
THE SITE, WHICH MEASURES 2,900 SQUARE METRES, WAS BOUGHT BY KUMAGA LAND DEVELOPMENT CO. LTD. AT $74,137.93 PER SQUARE METRE.
ANOTHER LOT, SITUATED AT QUEEN'S ROAD WEST, HONG KONG, WAS SOLD TO TAT WO REALTY LTD. FOR $62 MILLION OR $47,729.02 PÉR SQUARE METRE.
THE 1,299-SQUARE METRE SITE IS ALSO FOR NON-INDUSTRIAL PURPOSES.
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