Wednesday, October 11, 1972
$22 MILLION SUPERMARKET SITE TO BE AUCTIONED
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A site earmarked for use as a supermarket and shopping centre
in Kowloon Tong will be put on sale at the upset price of $22.5 million.
The site, with an area of 55,000 square feet, is located at
Junction Road, near Broadcast Drive.
It is one of six pieces of land totalling about 160,000 square
feet to be offered for sale at the next Crown Land auction at the City Hall
at 2.30 p.m. on Friday, November 3. All sites, apart from that reserved
for the supermarket, are for private residential purposes.
The upset prices range from $1 million to $22.5 million.
Three sites are situated in Watford Road on the Peak, and the
other two are in Fessenden Road and Marconi Road in the Broadcast Drive area.
Meanwhile, a piece of industrial land, in the New Territories will
be up for sale by auction at the Princess Alexandra Community Centre, Tsuen
Wan, at 11 a.m. on Monday, October 30.
The land, occupying about 90,000 square feet, is situated between
Kwok Shui Road and Yau Ma Hom Road in Kwai Chung. Its upset price is
33.6 million.
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