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WEDNESDAY, OCTOBER 29, 1986
WORK CONSISTED OF DRIVING 14 KILOMETRES OF TUNNELS, LAYING 5.5 KILOMETRES OF PIPELINES AND CONSTRUCTING FOUR KILOMETRES OF ACCESS ROADS.
AU TAU PUMPING STATION, WHICH COST $28 MILLION TO BUILD, RECEIVES RAW WATER DELIVERED FROM MUK WU PUMPING STATION AND HAS A CAPACITY OF 518 000 CUBIC METRES PER DAY IN THE FIRST STAGE. THIS WILL INCREASE TO 778 000 CUBIC METRES PER DAY IN THE SECOND STAGE.
FIVE LAND LOTS SOLD FOR $149 MILLION *****
FIVE LOTS OF GOVERNMENT LAND THREE ON HONG KONG ISLAND AND TWO IN THE NEW TERRITORIES WERE SOLD FOR $149 MILLION AT AN AUCTION TODAY (WEDNESDAY).
THE HIGHEST PRICE PAID WAS $65 MILLION FOR A NON-INDUSTRIAL SITE AT 530-540 LOCKHART ROAD. BIDDING OPENED AT $35 MILLION,
THE SITE HAS AN AREA OF 506.4 SQUARE METRES AND THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 2 820 SQUARE METRES BY DECEMBER 31, 1990.
THE BUYER WAS EAST VIEW PROPERTIES LIMITED.
A HOTEL OR GODOWN CANNOT BE BUILT ON THE SITE UNDER THE TERMS OF SALE.
ANOTHER SITE OF 736 SQUARE METRES BETWEEN VICTORIA ROAD AND SAI NING STREET WAS PURCHASED BY RYFORT CONSTRUCTION LIMITED FOR $39 MILLION.
BIDDING STARTED AT $25 MILLION.
THE BUYER HAS TO COMPLETE AT LEAST 3 600 SQUARE METRES OF GROSS FLOOR AREA BY THE END OF 1990.
A HENNESSY ROAD SITE, ALSO FOR NON-INDUSTRIAL DEVELOPMENT, WAS SOLD TO PREGEE COMPANY LIMITED FOR $34 MILLION.
BIDDING OPENED AT $14 MILLION.
THE DEVELOPER HAS TO COMPLETE AT LEAST 880 SQUARE METRES OF GROSS FLOOR AREA ON THE 197.1 SQUARE METRE SITE BY DECEMBER 31, 1990.
/BIDDING FOR
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