2
The remaining lot in Town Park Road, Yuen Long, was bought by Everlane Investment Limited at $70 million, with bidding opening at the same price.
With an area of 2,155 square metres, the lot is also designated for private residential use.
The developer has to complete a gross floor area of not less than 3,879 square metres on or before March 31, 1998.
The auction, held in the Concert Hall of the Hong Kong Cultural Centre, Tsim Sha Tsui, was conducted by Government Land Agent, Mr Roger Harding.
End/Monday, March 27, 1995
Fifth ACC sub-committee holds its first meeting
The new Sub-committee on Works Progress and Cost Monitoring of the Airport Consultative Committee (ACC) held its first meeting this (Monday) afternoon.
Dr Wong Po-yan was elected the sub-committee's Convenor and Mr Kan Fook-yee the Deputy Convenor.
Speaking after the meeting, the Director of the New Airport Projects Co- ordination Office, Mr Billy Lam, said the new sub-committee would provide a valuable forum for ACC members to be consulted on matters related to the cost and progress of the Airport Core Programme (ACP),
"I am sure that the new sub-committee, with a total of 33 members coming from a wide cross- section of the community, will provide us with invaluable advice on the new airport and related projects.
"The new sub-committee will strengthen the role of the ACC in monitoring the cost and progress of the ACP in response to the requirements of the Agreed Minute signed last November," he said.