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WEDNESDAY, JANUARY 15, 1992
TWO GOVT LOTS FETCH OVER $1.3 BILLION
* * *
LAND WERE SOLD FOR A
TWO LOTS OF GOVERNMENT OF $1.322 BILLION BY THE BUILDINGS AND LANDS DEPARTMENT AUCTION HELD THIS (WEDNESDAY) AFTERNOON.
TOTAL AMOUNT IN A PUBLIC
THE FIRST LOT, LOCATED AT THE JUNCTION OF CHEONG WAN
ROAD, SCIENCE MUSEUM
TSIM SHA TSUI EAST, WAS SOLD TO
WITH BILLION
BIDDING OPENING INVESTMENT LIMITED AT $1.25 MILLION.
ROAD AND TERRIFIC
AT $900
WITH AN AREA OF ABOUT 5,535 SQUARE METRES, THE SITE IS FOR NON- AND PETROL INDUSTRIAL PURPOSES (EXCLUDING GODOWN, HOTEL, RESIDENTIAL FILLING STATION) AND INCLUDING A PUBLIC TRANSPORT TERMINUS, A LIBRARY, A PUBLIC TOILET AND A MULTI-STOREY CARPARK.
ACCORDING TO
THE
BUILDING COVENANT,
THE
DEVELOPER
HAS TO METRES ON
28.
COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 39,850 SQUARE OR BEFORE MARCH 31, 1996.
THE OTHER LOT, LOCATED ON ABERDEEN MAIN WEALTHY ISLAND COMPANY LIMITED FOR $72 MILLION AT $38 MILLION.
OF ABOUT
ROAD, WAS BOUGHT BY WITH BIDDING OPENING
METRES, IS FOR FILLING
346 SQUARE THE SITE, WITH AN AREA NON-INDUSTRIAL PURPOSES (EXCLUDING SERVICE APARTMENTS, PETROL STATION, GODOWN AND HOTEL).
THAT THE 950
DEVELOPER HAS то SQUARE METRES ON
THE BUILDING COVENANT STIPULATES COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 1, OR BEFORE MARCH 31, 1995.
THE
AUCTION WAS HELD IN
HOTEL FURAMA
CONDUCTED BY GOVERNMENT LAND AGENT, MR NIGEL BURLEY.
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