THURSDAY, MARCH 18, 1982
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THREE NT SITES SOLD
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THREE SITES IN THE NEW TERRITORIES WERE SOLD FOR A TOTAL OF $12.7 MILLION AT A GOVERNMENT AUCTION TODAY (THURSDAY).
THE HIGHEST PRICE PAID WAS $7.1 MILLION FOR A 2 698-SQUARE- METRE SITE IN YUEN LONG FOR INDUSTRIAL/GODOWN PURPOSES. BIDDING OPENED AT $5 MILLION AND THE PURCHASER, FRANKSVILLE COMPANY LIMITED, IS REQUIRED TO MEET A $12.95-MILLION BUILDING COVENANT WITHIN FOUR YEARS, THE PLOT RATIO IS FIVE.
A PRICE OF $3.5 MILLION WAS PAID FOR ANOTHER SITE IN YUEN LONG, ALSO FOR INDUSTRIAL/GODOWN USE. OPENING AT $2.5 MILLION, THE 1 217-SQUARE-METRE SITE WAS EVENTUALLY SOLD TO BASILDON DEVELOPMENT COMPANY LIMITED. IT HAS A FOUR-YEAR BUILDING COVENANT OF $5.84 MILLION AND A PLOT RATIO OF FIVE.
A 1 380-SQUARE-METRE SITE IN SAI KUNG FOR LOW-DENSITY RESIDENTIAL DEVELOPMENT WAS BOUGHT BY HUNLICAR ENTERPRISES LIMITED FOR $2.1 MILLION. THE BUILDING COVENANT IS $1.3 MILLION TO BE COMPLETED WITHIN FOUR YEARS AND THE PLOT RATIO IS 0.4. BIDDING BEGAN AT $1.5 MILLION.
FOUR OTHER SITES OFFERED FOR SALE AT THE AUCTION WERE WITHDRAWN WHEN THERE WAS NO BID.
ONE IS LOCATED IN SAI KUNG FOR RESIDENTIAL USE, WHILE TWO OTHERS IN TUEN MUN AND ONE ON TSING YI ISLAND ARE FOR INDUSTRI AL/ GODOWN PURPOSES.
NOTE TO EDITORS:
CUSTOMS PASSING-OUT PARADE
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A PASSING-OUT PARADE OF 136 CUSTOMS OFFICERS WILL TAKE PLACE AT THE CUSTOMS AND EXCISE TRAINING SCHOOL AT TAI LAM CHUNG AT 10.30 AM ON SATURDAY (MARCH 20). TAKING THE SALUTE WILL BE THE SERVICE'S REGIONAL COMMANDER OF HONG KONG ISLAND REGION, MR W.K. KONG.
ON THAT DAY A GOVERNMENT COACH, AM 5606, WILL BE AVAILABLE AT HUNG HOM FERRY PIER BETWEEN 8.15 AM AND 8.30 AM TO TAKE GUESTS AND MEDIA REPRESENTATIVES TO THE TRAINING SCHOOL AND RETURN THE PARTY TO KOWLOON LATER.
YOU ARE CORDIALLY INVITED TO SEND A REPRESENTATIVE TO COVER THE EVENT. GUESTS AND MEDIA REPRESENTATIVES ARE REQUESTED TO BE SEATED AT THE TRAINING SCHOOL BY 10.15 AM.
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