WEDNESDAY, APRIL 18, 1984
8
THREE CROWN SITES SOLD
****
A SITE AT ABERDEEN WAS SOLD FOR MORE THAN DOUBLE ITS OPENING BID OF $25 MILLION AT AN AUCTION AT THE ARTS CENTRE TODAY (WEDNESDAY).
IT WAS ONE OF THREE CROWN LAND SITES WHICH PRODUCED $38.85 MILLION IN REVENUE.
THE ABERDEEN SITE, WHICH IS FOR NON-INDUSTRIAL DEVELOPMENT MEASURES 1 579 SQUARE METRES AND WAS SOLD TO KIN FUNG GARMENTS AND INVESTMENT LIMITED AT $56 MILLION ($35 465.48 PER SQUARE METRE).
UNDER SALES CONDITIONS, THE DEVELOPER IS REQUIRED TO BUILD A POST OFFICE AND A MULTI-STOREY CARPARK IN THE DEVELOPMENT.
THE BUILDING COVENANT FOR THE SITE IS $26 MILLION, TO BE COMPLETED BEFORE JUNE 30, 1988.
THE SECOND SITE, LOCATED IN SHA TIN, IS FOR PRIVATE RESIDENTIAL PURPOSES.
IT WAS PURCHASED BY KWAN CHUN AT $850 000 ($581.39 PER SQUARE METRE). BIDDING OPENED AT $550 000.
THE SITE MEASURES 1 462 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $1.4 MILLION TO BE FULFILLED WITHIN 36 MONTHS.
AN INDUSTRIAL AND GODOWN SITE OF 3 690 SQUARE METRES, AT KUT SHING STREET, CHAI WAN, WAS SOLD FOR $32 MILLION ($8 672.09 PER SQUARE METRE) TO SPRADO COMPANY LIMITED.
BIDDING OPENED AT $20 MILLION.
THE BUILDING COVENANT, TO BE COMPLETED BEFORE JUNE 30, 1988, IS $38 MILLION.
COMMENTING ON THE SALE, THE AUCTIONEER, GOVERNMENT LAND AGENT, MR C.M. MO, SAID HE WAS VERY SATISFIED WITH THE RESULTS.
GERMAN GROUP VISITS AIRPORT ****
A 17-MEMBER DELEGATION FROM THE TRANSPORT COMMITTEE OF THE NORTHRHINE WESTPHALIAN PROVINCIAL DIET, DUSSELDORF, MADE A STUDY TOUR OF HONG KONG INTERNATIONAL AIRPORT TODAY.
THE GROUP CAME HERE SPECIALLY TO SEE THE MANAGEMENT AND OPERATION OF THE AIRPORT, WHICH IS ONE OF THE BUSIEST IN THE REGION.
FOLLOWING A BRIEFING BY MR W.C. HUTCHINGS, DEPUTY AIRPORT GENERAL MANAGER, THE DELEGATES TOOK A CLOSE LOOK AT THE PASSENGER FACILITIES, PROCESSING AND BAGGAGE HANDLING, AS WELL AS CONTROL TOWER AND CONTROL CENTRE OPERATIONS.
о
19