2
FRIDAY, MARCH 13, 1992
"SO
IT SHOULD BE," HE SAID, ADDING THAT THE CMA WAS MAKING IMPORTANT CONTRIBUTION.
AN
ROLE IN AND ITS
HE ALSO PRAISED THE CMA FOR PLAYING AN IMPORTANT INDUSTRIAL DEVELOPMENT IN HONG KONG FOR MORE THAN 50 YEARS RECENT EFFORTS TO ENCOURAGE CLOSER TIES WITH ITS ASIA PACIFIC COUNTERPARTS TO PROMOTE TRADE AND INVESTMENT IN THE REGION.
"30 TOO IS THE CONTRIBUTION YOU MAKE TO GOVERNMENT THINKING INDUSTRIAL POLICIES AND PROGRAMMES.
ON
"NOT ONLY HONG KONG, BUT THE REGION AS A WHOLE WILL BENEFIT FROM YOUR CO-OPERATION WITH MALAYSIA, JAPAN, AUSTRALIA AND SINGAPORE IN ATTRACTING INVESTORS."
0
FIVE GOVT LAND LOTS SOLD FOR $1.72 BILLION
TOTAL OF $1,720
FIVE LOTS OF GOVERNMENT LAND WERE SOLD FOR A MILLION IN A PUBLIC AUCTION BY THE BUILDINGS AND LANDS DEPARTMENT THIS (FRIDAY) AFTERNOON.
TOPPING THE LIST IS THE LOT AT AREA 15, SHUI WAI, TAI PO, NEW
TERRITORIES.
IT WAS BOUGHT BY PROMAX LTD. AT $900 MILLION WITH BIDDING OPENED AT $580 MILLION.
:
THE SITE WITH AN AREA
OF ABOUT 19,830 SQUARE METRES IS INTENDED FOR PRIVATE RESIDENTIAL PURPOSES.
THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS ΤΟ COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 25,000 SQUARE METRES ON OR BEFORE MARCH 31, 1996.
THE SECOND SITE IS LOCATED AT MA TIN ROAD, YUEN LONG IN THE NEW TERRITORIES.
THE LAND WAS SOLD TO CUSHION CO. LTD. AT $415 MILLION. BIDDING OPENED AT $230 MILLION.
IT HAS AN AREA OF ABOUT 5,320 SQUARE METRES AND IS EARMARKED FOR NON-INDUSTRIAL EXCLUDING GODOWN PURPOSES.
THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 17,000 SQUARE METRES ON OR BEFORE MARCH 31, 1996.
THE THIRD SITE IS LOCATED AT AREA 14B, SHA TIN, NEW TERRITORIES.
IT WAS BOUGHT BY HORWAY OPENED AT $130 MILLION.
LTD. AT $266
MILLION WITH BIDDING
/THE LAND