XN000022-1976-12-28 — Page 9

TUESDAY, DECEMBER 28, 1976

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CROWN LAND SALES

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A CHOICE SITE AT TSIM SHA TSUI EAST WAS TODAY SOLD FOR $59 MILLION AT A PUBLIC AUCTION CONDUCTED BY THE P.W.D.'S CROWN LANDS AND SURVEY OFFICE AT THE CITY HALL.

THE SITE OCCUPIES ABOUT 2,560 SQUARE METRES ON THE RECLAMATION BETWEEN TSIM SHA TSUI AND THE CROSS-HARBOUR TUNNEL APPROACHES AND IS INTENDED FOR NON-INDUSTRIAL DEVELOPMENT.

THE LOT WAS BOUGHT BY BO DOR CO. LTD. AT A REALISED PRICE OF $23,046.88 PER SQ. METRE. THE LOT HAS A BUILDING COVENANT OF $8.5 MILLION BEFORE DECEMBER 31, 1980 AND A CROWN RENT OF $1,000 PER ANNUM,

FIVE OTHER LOTS OFFERED FOR SALE FETCHED A TOTAL OF $25.4 MILLION.

A 223.3-SQUARE METRE SITE AT THE JUNCTION OF MAIDSTONE ROAD AND LOK SHAN ROAD IN KOWLOON WAS SOLD FOR $2.7 MILLION TO YICK YAU TRADING CO. LTD. THE SITE IS FOR RESIDENTIAL AND NON-INDUSTRIAL PURPOSES.

ANOTHER KOWLOON LOT AT WAN FUNG STREET WAS BOUGHT BY CHUEN FAI CO. LTD. FOR $5.2 MILLION. THIS LOT, WHICH MEASURES NEARLY 365 SQ. METRES, IS TO BE DEVELOPED FOR NON-INDUSTRIAL PURPOSES.

A 2,350-SQ. METRE LOT AT SZE SHAN STREET, SAM KA TSUEN, WENT TO YAT SUM LAND INVESTMENT CO. LTD. FOR 39 MILLION. THE LOT IS FOR INDUSTRIAL AND/OR GODOWN PURPOSES.

ANOTHER LOT FOR INDUSTRIAL AND/OR GODOWN PURPOSES WAS BOUGHT BY LEN SHING REALTY LTD. FOR $6.5 MILLION. THIS LOT IS LOCATED AT AH KUNG NGAM VILLAGE ROAD, HONG KONG, AND HAS AN AREA OF 1,240 SQ. METRES.

THE LAST LOT, LOCATED AT TAI TAM ROAD, HONG KONG, WAS BOUGHT BY ELTEE ENTERPRISES LTD, FOR $2 MILLION. THE LOT MEASURES ABOUT 817 SQUARE METRES AND IS INTENDED FOR PRIVATE RESIDENTIAL DEVELOPMENT.

THE AUCTION WAS CONDUCTED BY THE GOVERNMENT LAND AGENTS MR. K. B. ROLFE AND MR. D. WILKINSON OF THE P.W.D.