FRIDAY, JULY 10, 1981
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FIVE NT SITES SOLD FOR $177.5 MILLION
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FIVE NEW TERRITORIES SITES WERE SOLD FOR A TOTAL OF $177.49 MILLION TODAY (FRIDAY).
A SHA TIN SITE FOR HIGH CLASS RESIDENTIAL DEVELOPMENT WAS SOLD FOR $31 MILLION. THE PURCHASER WAS WEDMORE LIMITED.
MEASURING 8 310 SQUARE METRES, THE SITE OVERLOOKS THE RACE COURSE AND CARRIES A BUILDING COVENANT OF $4.49 MILLION TO BE COMPLETED IN THREE YEARS.
ANOTHER SITE NEARBY WHICH MEASURES 2 880 SQUARE METRES WAS SOLD TO HANSTEAD COMPANY LIMITED FOR $14.5 MILLION. IT IS FOR TWO-STOREY RESIDENTIAL DEVELOPMENT.
THE PURCHASER HAS TO FULFIL A BUILDING COVENANT OF $2.42 MILLION WITHIN THREE YEARS.
A FURTHER LOW DENSITY RESIDENTIAL SITE ON WAI TSAI PEAK, PENG CHAU, MEASURING 1 000 SQUARE METRES, WAS SOLD FOR $1.49 MILLION TO ROYSTON INVESTMENT LIMITED.
THE BUILDING COVENANT IS $810 000, ALSO TO BE COMPLETED IN THREE YEARS.
A SHA TIN SITE FOR INDUSTRIAL/GODOWN PURPOSE INCLUDING DEVELOPMENT OF A VEHICLE SHOWROOM AND SERVICE CENTRE WAS BOUGHT BY BELIEVEWELL LIMITED FOR $110 MILLION.
IT MEASURES 7 286 SQUARE METRES AND THE PURCHASER HAS TO FULFIL A BUILDING COVENANT OF $66.45 MILLION WITHIN FOUR YEARS.
ANOTHER INDUSTRIAL/GODOWN SITE IN SHA TIN, WITH A FOUR YEAR BUILDING COVENANT OF $12.9 MILLION, WAS SOLD FOR $20.5 MILLION,
THE PURCHASER OF THE 1 416 SQUARE METRE SITE WAS SANEWING INVESTMENTS LIMITED.
THE AUCTION, AT THE SHOUSON THEATRE OF THE ARTS CENTRE, WAS CONDUCTED BY THE GOVERNMENT LAND AGENT OF THE NEW TERRITORIES ADMINISTRATION, MR TONY HARLAND.
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