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THURSDAY, DECEMBER 22, 1988
SALE OF THREE LOTS FETCHES $550 MILLION
LAND LOTS
BY PUBLIC AUCTION HELD TODAY
THE SALE OF THREE (THURSDAY) FETCHED A TOTAL PREMIUM OF $550 MILLION.
A GENERAL AND DANGEROUS GOODS GODOWN LOT FAT TSENG STREET AND TUNG CHAU STREET IN CHEUNG SHA WAN WAS $218 MILLION TO WOLVER HOLLOW COMPANY LIMITED.
AT
THE
OF JUNCTION
SOLD FOR
BIDDING FOR THIS 4,728-SQUARE-METRE SITE BEGAN AT $150 MILLION.
ACCORDING TO
COMPLETE AT LEAST 31,800 SQUARE METRES DECEMBER 31, 1992.
THE BUILDING COVENANT,
THE DEVELOPER HAS TO OF GROSS FLOOR AREA BEFORE
IN
KOWLOON WAS
AT ARGYLE
STREET
A PRIVATE RESIDENTIAL LOT BOUGHT BY PUI HAY ENTERPRISES LIMITED FOR $299 MILLION.
BIDDING BEGAN AT $180 MILLION.
ABOUT
THAN
THE AREA OF THIS LOT IS
5,889 SQUARE METRES AND THE DEVELOPER IS REQUIRED TO COMPLETE A GROSS FLOOR AREA OF NOT LESS 10,700 SQUARE METRES BEFORE DECEMBER 31, 1991.
THE THIRD LOT, WHICH IS FOR INDUSTRIAL AND/OR GODOWN IS LOCATED IN AREA 40, TUEN MUN.
PURPOSES,
BIDDING BEGAN AT $20 MILLION AND THE LOT WAS BOUGHT BY SPLENDID SHING LIMITED FOR $33 MILLION.
THE LOT COVERS AN AREA OF ABOUT 4,012 SQUARE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT SQUARE METRES BEFORE DECEMBER 31, 1991.
AND METRES,
THE LESS THAN 6,018
TODAY'S AUCTION WAS CONDUCTED BY THE GOVERNMENT LAND THE BUILDINGS AND LANDS DEPARTMENT, MR MO CHAN-MING.
AGENT OF
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