XN000022-1988-10-28 — Page 12

FRIDAY, OCTOBER 28, 1988

1:1

TWO GOVERNMENT LOTS SOLD FOR $261 MILLION

TWO GOVERNMENT RESIDENTIAL LOTS WERE SOLD TODAY (FRIDAY) AT A PUBLIC AUCTION FOR A TOTAL PREMIUM OF $261 MILLION.

METRES.

ONE OF THE LOTS IS IN TUEN MUN AND COVERS ABOUT

12,390 SQUARE

BIDDING STARTED AT $150 MILLION AND THE SITE WAS BOUGHT BY PARIV LIMITED FOR $220 MILLION.

THE BUYER WILL HAVE TO COMPLETE ON OR BEFORE OCTOBER GROSS FLOOR AREA OF NOT LESS THAN 22,200 SQUARE METRES.

31, 1992

THE OTHER LOT IS AT RAZOR HILL, SAI KUNG, WITH AN AREA OF ABOUT 6,743 SQUARE METRES.

BIDDING FOR THIS LOT STARTED AT $25 MILLION AND WAS SOLD ΤΟ LAND STEP DEVELOPMENT LIMITED FOR $41 MILLION.

THE BUYER HAS TO COMPLETE GROSS FLOOR AREA OF NOT LESS THAN 3,034 SQUARE METRES ON OR BEFORE OCTOBER 28, 1992.

THE AUCTION WAS HELD AT THE JADE BALLROOM OF HOTEL WAS CONDUCTED BY GOVERNMENT LAND AGENT, MR ROGER NISSIM.

FURAMA

AND

STUDY ON TECHNOLOGY CENTRE COMMISSIONED

ON THE ADVICE OF THE INDUSTRY DEVELOPMENT BOARD, THE INDUSTRY DEPARTMENT HAS COMMISSIONED A BRITISH CONSULTANT ΤΟ CARRY OUT A DETAILED STUDY ON THE FEASIBILITY OF SETTING UP A TECHNOLOGY CENTRE.

THE GOVERNOR, IN HIS ANNUAL POLICY SPEECH, HAS DESCRIBED THE POSSIBLE ESTABLISHMENT OF HONG KONG'S FIRST TECHNOLOGY CENTRE AS THE "FOCAL POINT OF OUR EFFORT TO ENCOURAGE INNOVATION IN INDUSTRY".

AND

THE FEASIBILITY STUDY COMMISSIONING CONTRACT WAS SIGNED TODAY (FRIDAY) BY THE ACTING DIRECTOR OF INDUSTRY, MR ANDREW LEUNG,

MR BOB HODGSON, PROJECT DIRECTOR OF THE CONSULTANT, SEGAL QUINCE

WICKSTEED.

THE PROJECT WILL TAKE SIX MONTHS AND THE CONSULTANT WILL ADVISE WHETHER THERE IS SCOPE FOR A SUCCESSFUL TECHNOLOGY CENTRE IN HONG KONG.

/IT IS