WEDNESDAY, SEPTEMBER 21, 1988
16
SALE OF TWO GOVT LOTS FETCHES $172.5 MILLION
* * *
TWO GOVERNMENT LOTS WERE SOLD AT A PUBLIC AUCTION TODAY (WEDNESDAY) FOR A TOTAL OF $172.5 MILLION.
ONE LOT IS IN AREA 4 B IN SHEUNG SHUI, NEW TERRITORIES, COVERING ABOUT 2,816 SQUARE METRES. IT IS FOR INDUSTRIAL AND/OR GODOWN PURPOSES, EXCLUDING OFFENSIVE TRADES.
BIDDING STARTED AT $20 MILLION AND THE SITE WAS SOLD TO RHINESTONE COMPANY LIMITED FOR $30.5 MILLION.
THE BUILDING COVENANT
STIPULATES THAT THE BUYER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 8,448 SQUARE METRES BEFORE SEPTEMBER 30, 1992.
THE OTHER LOT IS AT THE JUNCTION OF PO ON ROAD AND CHEUNG WAH STREET IN CHEUNG SHA WAN.
THE AREA IS
ABOUT
2.110 SQUARE METRES AND IT IS FOR MULTI-STOREY CARPARK AND NON- INDUSTRIAL (EXCLUDING PETROL FILLING STATION, GODOWN AND HOTEL) PURPOSES.
UNDER THE BUILDING COVENANT, THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 14,500 SQUARE METRES BEFORE SEPTEMBER 30, 1991.
BIDDING STARTED AT $90 MILLION AND THE LOT LAI SUN DEVELOPMENT CO. LTD. FOR $142 MILLION.
WAS BOUGHT BY
LAND
AGENT OF THE THE CITY HALL
THE AUCTION WAS CONDUCTED BY GOVERNMENT BUILDINGS AND LANDS DEPARTMENT, MR NIGEL BURLEY, IN THEATRE.
DB TO DISCUSS POLICY ON VR CLOSED CENTRES
SPECIAL MEETING
THE SHAM SHUI PO DISTRICT BOARD WILL HOLD A TOMORROW (THURSDAY) TO DISCUSS MATTERS RELATING TO THE LIBERALISATION OF CLOSED CENTRES FOR VIETNAMESE REFUGEES.
THE PRINCIPAL ASSISTANT SECRETARY FOR SECURITY, MRS CARRIE YAU, WILL ATTEND THE MEETING TO EXPLAIN THE POLICY AND ANSWER QUESTIONS FROM BOARD MEMBERS. A UNICR REPRESENTATIVE WILL ALSO BE PRESENT.
THE MRETING WILL TAKE PLACE IMMEDIATELY FOLLOWING A MEETING THE BOARD'S TRAFFIC AND TRANSPORT COMMITTEE.
OF
/AT THE