FRIDAY, JUNE 22, 1990
REVISED SCHEDULE FOR PETROLEUM WHARVES, CONTAINER TERMINALS
THE GOVERNMENT TODAY (FRIDAY) ANNOUNCED A REVISED SCHEDULE OF PETROLEUM WHARVES WHICH MIGHT BE USED FOR THE BERTHING TO TYPE II AND TYPE III VESSELS, AS WELL AS CONTAINER TERMINALS WHICH MIGHT BE USED FOR THE BERTHING OF TYPE I AND TYPE III VESSELS.
EFFECTIVE
A GOVERNMENT SPOKESMAN SAID THE REVISED SCHEDULE, FROM TODAY, WAS MADE UNDER THE DANGEROUS GOODS (SHIPPING) (AMENDMENT) REGULATIONS 1990 PUBLISHED IN TODAY'S GAZETTE.
H
IT REPLACES THE EXISTING FIRST SCHEDULE AND THIRD SCHEDULE ON PETROLEUM WHARVES AND CONTAINER TERMINALS IN HONG KONG, HE SAID.
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SALE OF THREE LAND LOTS FETCHES $357 MILLION
*
THE SALE OF THREE GOVERNMENT LAND LOTS TODAY (FRIDAY)
OF A TOTAL OF $357 MILLION AT THE FIRST AUCTION
GOVERNMENT THE BUILDINGS AND LANDS DEPARTMENT THIS FINANCIAL YEAR.
FETCHED
LAND BY
TOPPING THE LIST WAS A 8,400 SQUARE METRE LOT IN AREA 2A, TUEN MUN, FOR NON-INDUSTRIAL, EXCLUDING GODOWN, PURPOSES.
BIDDING OPENED AT $150 MILLION AND THE LOT WAS BOUGHT BY LODS IN CONSULTANTS LIMITED FOR $201 MILLION.
IS 9.5/5
THE BUILDING COVENANT STIPULATES THAT THE PLOT RATIO AND MAXIMUM SITE COVERAGE IS 66.6 PER CENT. A BUILDING OR BUILDINGS HAVE TO BE COMPLETED WITHIN 48 MONTHS.
A LOT LOCATED IN AREA 29B, FANLING, WAS SOLD FOR $26 MILLION TO EARNLINK INVESTMENT LIMITED. BIDDING OPENED AT $17 MILLION.
IT MEASURES ABOUT 4,841 SQUARE METRES AND IS FOR PRIVATE RESIDENTIAL PURPOSES.
THE DEVELOPER IS REQUIRED TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 2,324 SQUARE METRES BY JUNE 30, 1993.
ALSO AUCTIONED WAS A 2,900 SQUARE METRE GODOWN SITE LOCATED IN HOI CHAK STREET, QUARRY BAY.
BIDDING OPENED AT $90 MILLION AND THE LOT WAS BOUGHT BY DELOSA INVESTMENT COMPANY LIMITED FOR $130 MILLION.
ACCORDING TO THE BUILDING COVENANT, A GROSS FLOOR AREA OF NOT LESS THAN 16,530 SQUARE METRES HAS TO BE COMPLETED BY JUNE 30, 1994.
PRICES
THE GOVERNMENT LAND AGENT, MR ROGER NISSIM, WHO CONDUCTED THE AUCTION, SAID THE SALE
OF THE LOTS WERE ALL WELL WITHIN
EXPECTATIONS.
THE AUCTION WAS HELD AT THE CITY HALL THEATRE.
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