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FRIDAY, MARCH 13, 1992
THE LAND WITH AN AREA OF ABOUT 9,500 SQUARE METRES AND IS DESIGNATED FOR GODOWN AND PUBLIC LORRY PARK PURPOSES.
THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS ΤΟ COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 28,500 SQUARE METRES ON OR BEFORE MARCH 31, 1996.
KONG.
THE FOURTH SITE IS LOCATED AT 30 SEVERN ROAD, THE PEAK, HONG
IT WAS SOLD TO GOLDEN SCHEME INVESTMENT LTD. AT $33 MILLION. BIDDING OPENED AT $22 MILLION.
THE SITE WITH AN AREA OF ABOUT 2,239 SQUARE METRES IS EARMARKED FOR PRIVATE RESIDENTIAL PURPOSES.
UPON REDEVELOPMENT, THE DEVELOPER SHOULD COMPLETE A MAXIMUM GROSS FLOOR AREA OF 921 SQUARE METRES WITHIN THREE YEARS OF DEMOLITION OF THE EXISTING STRUCTURES.
THE REMAINING SITE IS LOCATED AT MA LING PATH, KAU TO, AREA 46, SHA TIN, NEW TERRITORIES.
IT WAS BOUGHT BY TURAYS DEVELOPMENT LTD. AT $106 MILLION WITH BIDDING OPENED AT $50 MILLION,
THE LAND WITH AN AREA OF ABOUT 7,700 SQUARE METRES IS ALSO INTENDED FOR PRIVATE RESIDENTIAL PURPOSES.
ACCORDING TO THE BUILDING COVENANT, THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 1,848 SQUARE METRES ON OR BEFORE MARCH 31, 1995.
THE AUCTION WAS HELD IN THE CITY HALL THETRE AND CONDUCTED BY GOVERNMENT LAND AGENT, MR ROGER HARDING.
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POSSIBLE IMPACT ON HK IF CHINA LOST MFN STATUS
THE GOVERNMENT ESTIMATES THAT, IF CHINA'S MOST FAVOURED NATION (MFN) TRADING STATUS WERE WITHDRAWN, HONG KONG MIGHT LOSE HK$91 BILLION TO $123 BILLION IN OVERALL TRADE; HK$12 BILLION TO $16 BILLION IN INCOME AND AROUND 44,000 TO 60,000 IN JOBS.
THE TRADE DEPARTMENT RELEASED TODAY (FRIDAY) THE GOVERNMENT'S LATEST ASSESSMENT ON THE IMPACT ON HONG KONG'S ECONOMY IF CHINA TO LOSE ITS MFN TRADING STATUS IN THE U.S.
WERE
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