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TUESDAY, MAY 27, 1986
ASKED WHEN HE WOULD MEET THE NEW MACAU GOVERNOR, WHO ARRIVED THIS (TUESDAY) AFTERNOON, SIR EDWARD SAID: +1 THINK HE IS PASSING THROUGH VERY QUICKLY. I DOUBT IF I SHOULD MEET HIM ON THIS OCCASION, BUT I LOOK FORWARD TO SEEING HIM IN THE FAIRLY NEAR FUTURE.+
SIR EDWARD WAS MET AT THE AIRPORT BY THE CHIEF SECRETARY, SIR DAVID AKERS-JONES, AND REPRESENTATIVES FROM THE TRADE DEVELOPMENT COUNCIL AND THE JAPANESE CONSULATE.
RECORD PRICE FETCHED AT LAND AUCTION
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THE HIGHEST PRICE EVER PAID AT AUCTION FOR A PIECE OF LAND IN HONG KONG - $1 005 MILLION - WAS REALISED AT A PACKED CITY HALL TODAY (TUESDAY).
AND IT ONLY TOOK 15 MINUTES.
THE PURCHASER WAS SWIRE PROPERTIES LIMITED.
BIDDING OPENED AT $850 MILLION AND EACH BID WAS $5 MILLION.
THE SITE, THE LAST FOR SALE IN VICTORIA BARRACKS, IS FOR NON-INDUSTRIAL (EXCLUDING GODOWN) PURPOSES AND IS NEXT TO ONE PURCHASED BY SWIRE PROPERTIES FOR $703 MILLION IN APRIL LAST YEAR, A HOTEL WILL ALSO BE PERMITTED ON THE SITE.
THERE ARE VARIOUS SPECIAL CONDITIONS ATTACHED TO THE SALE, INCLUDING ONE REQUIRING THE PURCHASER TO BUILD A MINIMUM OF 96 000 SQUARE METRES OF FLOOR SPACE.
HE MUST ALSO CONSTRUCT A COVERED PEDESTRIAN WALKWAY THROUGH THE LOT, PLUS ESCALATORS AND STAIRWAYS TO CONNECT THE PEDESTRIAN WALKWAY TO BE BUILT OVER QUEENSWAY.
OTHER SPECIAL CONDITIONS INCLUDE PROVIDING AT LEAST 3 000 SQUARE METRES OF PUBLIC OPEN SPACE AND LANDSCAPING IT.
PARKING FOR 280 CARS WILL BE PROVIDED, PLUS A FURTHER 170 MAXIMUM SPACES IF ANY PART OF THE SITE IS DEVELOPED FOR RESIDENTIAL PURPOSES.
THE PURCHASERS PAID A DEPOSIT OF $50 MILLION TODAY AND THE BALANCE OF THE PURCHASE PRICE HAS TO BE PAID WITHIN ONE CALENDAR MONTH.
CONDUCTING THE AUCTION WAS GOVERNMENT LAND AGENT, MR JIM HUGHES, WHO SAID AFTERWARDS: +1 AM MORE THAN SATISFIED WITH THE RESULT.-
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