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TUESDAY, SEPTEMBER 25, 1990
GOVT LAND SOLD FOR $106.35M
SOLD
LANDS DEPARTMENT
TWO PIECES OF GOVERNMENT LAND IN THE NEW TERRITORIES WERE FOR A TOTAL OF $106.35 MILLION BY THE BUILDINGS AND AT A PUBLIC AUCTION TODAY (TUESDAY).
AT AREA
4B,
SHEUNG
THE FIRST ONE IS A 929-SQUARE-METRE SITE SHUI FOR INDUSTRIAL AND/OR GODOWN PURPOSES, EXCLUDING OFFENSIVE TRADE.
IT WAS BOUGHT BY
GRANT RETURN
MILLION WITH BIDDING OPENED AT $7 MILLION.
INVESTMENTS
LTD
FOR $10.35
OF NOT
ACCORDING TO THE BUILDING COVENANT, A GROSS FLOOR AREA LESS THAN 2,788 SQUARE METRES MUST BE COMPLETED BY SEPTEMBER 30, 1993.
STREET, SHA TIN.
LTD. BIDDING
THE OTHER LOT IS LOCATED AT AREA 11, ON MUK
$96 MILLION TO IT WAS SOLD FOR
INVESTMENT GENRIGHT OPENED AT $85 MILLION.
THE 3,250-SQUARE-METRE SITE IS FOR GODOWN DANGEROUS GOODS GODOWN.
PURPOSES, EXCLUDING
GROSS FLOOR AREA OF
THE DEVELOPER IS REQUIRED TO COMPLETE A NOT LESS THAN 18,525 SQUARE METRES BEFORE SEPTEMBER 30, 1994.
THE AUCTION, HELD AT THE CITY HALL THEATRE, THE GOVERNMENT LAND AGENT, MR JOHN CORRIGALL.
WAS CONDUCTED BY
HEAVY INVESTMENT IN INFORMATION TECHNOLOGY NECESSARY
HONG KONG MUST CONTINUE TO INVEST HEAVILY
PRODUCTS AND INFORMATION TECHNOLOGY ('IT'}
IMPORTANT MAINTAIN ITS PIVOTAL POSITION AS AN AND INDUSTRIAL CENTRE IN THE REGION.
IN
IN STATE-OF-THE-ART SYSTEMS
ORDER FINANCIAL, COMMERCIAL
TO
SAID THIS THE SECRETARY FOR TRADE AND INDUSTRY, MR JOHN CHAN,
'90 AT THE HONG KONG TODAY (TUESDAY) AT THE OPENING OF CENIT ASIA CONVENTION AND EXHIBITION CENTRE.
HE SAID THIS SHOULD ENCOURAGE MORE MANUFACTURERS OF 'IT'
EXPAND PRODUCTION IN ORDER TO TAP PRODUCTS TO DIVERSIFY AND
THE RAPIDLY GROWING MARKET IN HONG KONG AND IN THE ASIA-PACIFIC REGION.
ON SPECIALISTS "SINCE THE FURTHER DEVELOPMENT OF 'IT' DEPENDS
THE GOVERNMENT WILL DO ALL IT CAN TO AND EXPERIENCED MANAGERS,
BE IMPROVE AND EXPAND 'IT' EDUCATION AND TRAINING, SO THAT THERE WILL
MR CHAN SAID. AN ADEQUATE SUPPLY OF SKILLED PERSONNEL IN THE AREA,
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/HE SAID