12
TUESDAY, MARCH 12, 1991
FIVE GOVT LOTS SOLD FOR $484 MILLION
FIVE LOTS OF GOVERNMENT LAND WERE SOLD FOR A TOTAL OF $484 MILLION BY THE BUILDINGS AND LANDS DEPARTMENT AT A PUBLIC AUCTION THIS (TUESDAY) AFTERNOON.
TOPPING THE
LIST
IS
A
8,675-SQUARE-METRE LOT FOR PRIVATE
RESIDENTIAL PURPOSES AT AREA 6 MA WO, TAI PO, NEW TERRITORIES.
1
IT IS BOUGHT BY HIGH ELITE LTD FOR $200 MILLION. BIDDING OPENED AT $125 MILLION.
ACCORDING TO THE BUILDING COVENANT, THE DEVELOPER HAS ΤΟ METRES ON COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 12,500 SQUARE OR BEFORE MARCH 31, 1995.
THE SECOND LOT, LOCATED AT THE REAR OF NOS. 181-205 SHAU ΚΕΙ ABOUT 726.3 WAN ROAD, SHAU KEI WAN, HONG KONG ISLAND, HAS AN AREA OF SQUARE METRES AND IS FOR NON-INDUSTRIAL, EXCLUDING HOTEL AND GODOWN PURPOSES.
THE SITE WAS BOUGHT BY TRIPLE REACH LTD FOR $105 MILLION WITH BIDDING OPENED AT $40 MILLION.
THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 4,445 SQUARE METRES ON OR BEFORE MARCH 31, 1994.
THE THIRD LOT WITH AN AREA OF ABOUT 4,100 SQUARE METRES IS LOCATED AT AREA 14B, YUEN SHUN CIRCUIT, SHA TIN, NEW TERRITORIES.
THE SITE IS INTENDED FOR NON- INDUSTRIAL GODOWN, RESIDENTIAL AND HOTEL.
PURPOSES, EXCLUDING
BIDDING OPENED AT $75 MILLION AND THE SITE WAS BOUGHT BY TATRINE DEVELOPMENT CO LTD FOR $94 MILLION.
THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS ΤΟ METRES ON COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 16,878 SQUARE OR BEFORE MARCH 31, 1995.
THE FOURTH LOT, AT AP LEI CHAU WEST AND WITH AN AREA 4,500 SQUARE METRES, IS FOR INDUSTRIAL AND/OR GODOWN EXCLUDING OFFENSIVE TRADE.
OF ABOUT PURPOSES,
IT WAS BOUGHT BY DAILY EAGLE INVESTMENT LTD AND DOUBLE JOY INVESTMENT CO LTD AT THE OFFSET PRICE OF $60 MILLION.
ACCORDING TO THE BUILDING COVENANT, THE DEVELOPER HAS COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 25,650 SQUARE OR BEFORE MARCH 31, 1995.
TO
METRES
ON
/THE FIFTH