TUESDAY, FEBRUARY 25, 1992
GOVT LAND AUCTION FETCHES $2.52 BILLION
*
FIVE LOTS OF GOVERNMENT LAND WERE SOLD FOR A TOTAL MILLION IN A PUBLIC AUCTION BY THE BUILDINGS AND LANDS THIS (TUESDAY) AFTERNOON.
OF $2.527 DEPARTMENT
TOPPING THE LIST IS THE LOT LOCATED AT THE JUNCTION OF WYLIE ROAD AND KING'S PARK RISE, KOWLOON.
IT HAS AN AREA OF ABOUT 8,811 SQUARE METRES AND IS INTENDED FOR PRIVATE RESIDENTIAL PURPOSES.
IT WAS BOUGHT BY THE EAST LIGHT LTD. AT $1,190 MILLION. BIDDING OPENED AT $950 MILLION.
THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS ΤΟ COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 26,430 SQUARE METRES ON OR BEFORE MARCH 31, 1996.
THE SECOND SITE IS LOCATED AT AREA 39, TUEN MUN IT HAS AN AREA OF ABOUT 7,548 SQUARE METRES. THE SITE IS FARMARKED FOR PRIVATE RESIDENTIAL PURPOSES.
IT WAS SOLD TO HANPUTAR LTD. AT $405 MILLION WITH BIDDING OPENED AT $250 MILLION,
ACCORDING TO THE BUILDING COVENANT, THE DEVELOPER HAS TO COMLETE A GROSS FLOOR AREA OF NOT LESS THAN 14, 944 SQUARE METRES ON OR BEFORE MARCH 31, 1996.
15.
SHUI WAI, TAI PO.
FOR
THE THIRD SITE IS LOCATED AT AREA MEASURING ABOUT 21,060 SQUARE METRES, THE SITE IS ALSO DESIGNATED PRIVATE RESIDENTIAL PURPOSES.
IT WAS BOUGHT BY STYLE GIANT LTD. AT
008$
MILLION. BIDDING
OPENED AT $520 MILLION.
THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 26,600 SQUARE METRES ON OR BEFORE MARCH 31, 1996.
THE FOURTH SITE, WITH AN AREA OF ABOUT 3,300 SQUARE METRES, IS LOCATED AT WANG YIP STREET WEST, TUNG TAU INDUSTRIAL AREA, YUEN LONG, NEW TERRITORIES.
IT IS EARMARKED FOR GODOWN PURPOSES EXCLUDING THE STORAGE OF 'DANGEROUS GOODS' AS DEFINED IN THE DANGEROUS GOODS ORDINANCE OR ANY AMENDING LEGISLATION (EXCEPT SUCH FUEL AS NECESSARY FOR THE OPERATION OF MACHINES INSTALLED IN THE BUILDING
OR BUILDINGS ERECTED ON THE LOT).
IT WAS SOLD TO KUI YUEN INVESTMENT CO LTD. AND HI YIP AT THE UPSET PRICE OF $38 MILLION.
CO LTD.
/ACCORDING TO