23
THURSDAY, JUNE 26, 1986
31DDING FOR THE KWUV TONG SITE, ? 781 SQUARE METRES AT KUNG LOK RUAD, OPENED AT 340 MILLION. THE PRICE ROSE QUICKLY IN BIDS
OF $1 MILLION UNTIL THE SITE WAS KNOCKED DOWN TO BONSETA LTD., A SUBSIDIARY OF REGAL PALIBURG INVESTMENTS.
THE AUCTIONEER, MR NIGEL BURLEY, DESCRIBED THE PRICE AS GOOD. HE SAID A FIGURE OF AROUND $50 MILLION HAD BEEN ANTICIPATED.
+ THE BIDDING WENT FURTHER AND LONGER THAN I EXPECTED. ! WOULD HAVE BEEN A LITTLE BIT MORE CONSERVATIVE, BUT THERE ARE VERY FEW LOTS GOING IN KWUN TONG AND SMALL UNITS THERE SHOULD SELL VERY WELL, MR BURLEY SAID.
THE SECOND LOT WAS A NON-INDUSTRIAL SITE OF 121 SQUARE METRES AT SHAU KEI WAN ROAD, HONG KONG, BIDDING OPENED AT $2.4 MILLION AND ROSE IN $100 000 BIDS TO THE $3.2 MILLION PAID BY TRADE PUSH INVESTMENT LTD.
THE KEENEST BIDDING WAS RESERVED FOR THE FINAL LOT, A 1 020 SQUARE METRE INDUSTRIAL SITE AT SAI NING STREET, KENNEDY TOWN.
+
THE OPENING PRICE WAS $7 MILLION, BUT THIS QUICKLY ROSE IN $100 000 JUMPS TO $13 MILLION, THE SUCCESSFUL BID OF NOBLE STATE ENTERPRISES LTD.
+I WAS QUITE SURPRISED AT THE INTEREST IN THE INDUSTRIAL SITE BECAUSE THERE IS STILL A SURPLUS OF INDUSTRIAL LAND IN THE NEW TOWNS AND KOWLOON BAY.
+HOWEVER, THERE IS VERY LITTLE INDUSTRIAL LAND AVAILABLE ON THE ISLAND AND THIS SITE IS SMALL ENOUGH TO BE OF INTEREST TO AN END USER. NEVERTHELESS THE BIDDING WENT MUCH FURTHER THAN I THOUGHT IT WOULD, MR BURLEY SAID.
APPLICANTS URGED TO USE NEW TEXTILE LICENCE FORMS *****
TEXTILE EXPORTERS AND MANUFACTURERS ARE REMINDED TODAY (THURSDAY) THAT APPLICATIONS FOR EXPORT LICENCE MUST BE MADE ON REVISED FORMS AS FROM JULY 1, 1986.
A SPOKESMAN FOR THE TRADE DEPARTMENT SAID THE NEW FORMS ARE FORM TIC 353 (REV. 1995) FOR EXPORTS OF NON-RESTRAINED TEXTILE PRODUCTS AND FORM TIC 353A (REV. 1985) FOR EXPORTS OF RESTRAINED TEXTILE PRODUCTS.
/AFPLICATIONS