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CROWN LAND AUCTION
Thursday, November 16, 1972
Five lots of Crown land, three of which are for private residential
development will be put up for sale by auction at the City Hall early next
month.
Two of the residential lots are in the "Broadcasting City" area
of Kowloon. One in Fessenden Road, with an upset price of $5 million, covers
16,830 sq. ft, and the other in Marconi Road has an area of 21,640 sq. ft.
Its upset price is $6 million.
The one on Hong Kong Island is a 13,000 sq. ft. site off Chung Hom
Kok Road. The upset price is $500,000.
The last two lots to be auctioned are in Kowloon. One for industrial
and/or godown purposes is at the junction of Shung Shun Street and Sze Shan
Street in Sam Ka Tsuen. It covers 26,500 sq. ft. and has an upset price at
$1.5 million.
The other one is for non-industrial purposes. It is located at the
junction of Ma Tau Chung Road and Mok Cheong Street with a site area of
15.270 sq. ft, and an upset price of $6 million.
The public auction will be held at 2.30 p.m. on Friday, December 8,
in the Lecture Room, eighth floor, City Hall.
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