XN000022-1993-06-22 — Page 13

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TUESDAY, JUNE 22, 1993

THREE GOVT LOTS SOLD FOR $936 MILLION

THREE PIECES OF GOVERNMENT

LAND FETCHED A TOTAL OF $936

MILLION AT A PUBLIC AUCTION BY THE BUILDINGS AND LANDS DEPARTMENT THIS (TUESDAY) AFTERNOON.

TOPPING THE LIST IS THE LOT LOCATED AT KAU TO, AREA 46, JUNCTION OF KAU то SHAN ROAD AND MA LING PATH, SHA TIN, NEW TERRITORIES.

IT WAS SOLD TO PERFECT PARADISE INTERNATIONAL (LTD) AT $505 MILLION WITH BIDDING OPENING AT $270 MILLION.

THE LOT, WITH AN AREA OF ABOUT 15,320 SQUARE METRES, IS

INTENDED FOR RESIDENTIAL USE.

ACCORDING TO THE BUILDING CONVENANT, THE COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 5,544 OR BEFORE JUNE 30, 1996.

DEVELOPER HAS TO SQUARE METRES ON

THE SECOND LOT, LOCATED AT AREA 11, JUNCTION OF ON SHUM STREET AND ON LAI STREET, SHA TIN, NEW TERRITORIES, WAS BOUGHT BY SEA DRAGON LTD AT $385 MILLION. BIDDING OPENED AT $190 MILLION.

FOR

WITH AN AREA OF ABOUT 4,000 SQUARE METRES, IT INDUSTRIAL AND/OR GODOWN (EXCLUDING DANGEROUS

PURPOSES.

IS DESIGNATED GOODS GODOWN)

THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 22,800 SQUARE METRES ON OR BEFORE JUNE 30, 1997.

THE REMAINING LOT IN TAK YIP STREET, TUNG TAU INDUSTRIAL AREA, YUEN LONG, NEW TERRITORIES, WAS BOUGHT BY REDDIWOOD со LTD AT $46 MILLION WITH BIDDING OPENING AT $36 MILLION.

THE LOT HAS AN AREA OF ABOUT

3,030 SQUARE METRES, WHICH IS INTENDED FOR GODOWN (EXCLUDING DANGEROUS GOODS) PURPOSES.

THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 17,271 SQUARE METRES ON OR BEFORE JUNE 30, 1996.

THE LAND AUCTION WAS CONDUCTED BY LEUNG LOK-YIU, IN THE CITY HALL THEATRE.

GOVERNMENT LAND AGENT, MR

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