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Four lots of land sold for $6.000 million
Four lots of government land were sold for a total of $6,000 million at a public auction held by the Lands Department this (Monday) afternoon.
The first lot located at Hung Hom Bay Reclamation, southwest of Whampoa Street and Po Loi Street, was sold to Topcycle Development Limited at $4,725 million, with bidding opening at $3.200 million.
The lot has an area of 15,073 square metres and is earmarked for non-industrial use, excluding godown and petrol filling station.
The developer will need to complete a gross floor area of not less than 82.417 square metres on or before April 1, 2001.
The second lot located at the junction of Wyndham Street and Arbuthnot Road in Central, was sold to Firm Wise Investment Limited at $765 million, with bidding opening at $580 million.
Covering an area of 1.585 square metres, the lot is earmarked for non-industrial use, excluding private residential, hotel, service apartment and godown.
The developer will be required to complete a gross floor area of not less than 14.265 square metres on or before March 31, 2000.
The third lot located in Hong Man Street, Chai Wan. was bought by Forlink Limited at $440 million, with bidding opening at $250 million.
With an area of 1.590.7 square metres, the lot is intended for non-industrial use. excluding godown, hotel, and service apartment.
The developer has to complete a gross floor area of not less than 8,523 square metres on or before March 31, 1999.
The fourth lot located in Area 2, Tai Po, was bought by Cosmos Best Development Limited at $70 million, with bidding opening at $48 million.
With an area of 465.8 square metres, the lot is intended for non-industrial use. excluding godown.
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