WEDNESDAY, NOVEMBER 23, 1994
THREE GOVT LOTS SOLD FOR $576 MILLION
*
THREE LOTS OF GOVERNMENT LAND WERE SOLD FOR A TOTAL OF $576 MILLION AT THE PUBLIC LAND AUCTION HELD BY THE LANDS DEPARTMENT THIS
(WEDNESDAY) AFTERNOON.
THE FIRST LOT, LOCATED IN AREA 2, TAI PO KAU HUI, TAI PO, WAS BOUGHT BY YINTALY CONSTRUCTION COMPANY LIMITED AT $372 MILLION. BIDDING OPENED AT $250 MILLION.
WITH AN AREA OF 2,367 SQUARE METRES, IT IS INTENDED FOR NON- INDUSTRIAL PURPOSES, EXCLUDING GODOWN.
THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 8,500 SQUARE METRES ON OR BEFORE DECEMBER 31, 1998.
THE SECOND LOT, LOCATED IN 351-361 SHAU KEI WAN ROAD, HAS AN AREA OF 452.1 SQUARE METRES. IT WAS SOLD TO FINE COSMOS DEVELOPMENT LIMITED AT $190 MILLION, WITH BIDDING OPENING AT $180 MILLION.
IT IS INTENDED FOR NON-INDUSTRIAL PURPOSES, EXCLUDING GODOWN WAREHOUSE, PETROL FILLING STATION, RETAIL (EXCEPT RETAIL BANKING), RESTAURANT, HOTEL,, SERVICE APARTMENT AND PRIVATE RESIDENTIAL FLATS.
THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF THAN 4,070 SQUARE METRES ON OR BEFORE DECEMBER 31, 1997.
THE THIRD LOT, AT 212 LAI CHI KOK ROAD, HAS AN AREA SQUARE METRES. IT WAS SOLD TO SHEENSBURGH LIMITED AT $14 WITH BIDDING OPENING AT $8 MILLION.
NOT LESS
OF 83.5 MILLION,
ARE TO
THE LOWEST THREE FLOORS, INCLUDING ANY BASEMENT LEVELS, BE USED FOR NON-INDUSTRIAL PURPOSES, BUT EXCLUDING GODOWN, HOTEL, SERVICE APARTMENT AND PETROL FILLING STATION, AND THE REMAINING FLOORS FOR PRIVATE RESIDENTIAL PURPOSES.
THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 264 SQUARE METRES ON OR BEFORE DECEMBER 31, 1997.
THE AUCTION WAS HELD IN THE CONCERT HALL OF THE HONG KONG CULTURAL CENTRE, TSIM SHA TSUI, AND WAS CONDUCTED BY GOVERNMENT AGENT, MR VICTOR LEUNG LOK-YIU,
0
HK TRADE DELEGATION VISITS HO CHI MINH CITY
THE HONG KONG GOVERNMENT ECONOMIC AND VIETNAM ARRIVED IN HO CHI MINH CITY THIS FOLLOWING THREE DAYS OF HIGH-LEVEL MEETINGS AND IN THE CAPITAL, HANOI.
THE DELEGATION LEADER, THE SECRETARY FOR MR T મ CHAU, DESCRIBED THE HANOI LEG OF SUCCESSFUL.
LAND
TRADE DELEGATION ΤΟ (WEDNESDAY) AFTERNOON A BUSINESS WORKSHOP
TRADE AND THE VISIT
INDUSTRY,
VERY
AS
/"WE HAVE
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