Two lots of land sold for $368 million
Two lots of government land were sold for a total of $368 million at a public auction held by the Lands Department this (Tuesday) afternoon.
The first lot, located in Area 37, Tai Po, was bought by Perfect Idea Ltd at $280 million, with bidding opening at $230 million.
With an area of 15,300 square metres, the lot is designated for residential use.
The developer has to complete a gross floor area of not less than 7,344 square metres on or before September 30, 1999.
The second lot, located in Shing Yiu Street, Kwai Chung, was sold to Brigadier Company Ltd at $88 million, with bidding at opening the same price. This 6,525- square-metre lot is for industrial or godown use.
The developer has to complete a gross floor area of not less than 29,360 square metres on or before September 30, 1998.
Held in the Concert Hall of the Hong Kong Cultural Centre, Tsim Sha Tsui, the auction was conducted by Government Land Agent, Mr Francis H K Ng.
End/Tuesday, September 26, 1995
Quarterly drug figures released
The number of drug abusers of all ages reported to the Government's Central Registry of Drug Abuse (CRDA) in the second quarter of this year has decreased by 9.7 per cent to 7,096 from 7,856 in the corresponding period last year, the quarterly drug statistics revealed today (Tuesday).
This is the second consecutive quarter which registers a decrease in the figure, following a drop of 7.1 per cent in the previous quarter.
The second quarter statistics showed that among the drug abusers reported, 1,037 were reported to CRDA for the first time while 6,059 were previously reported, representing decreases of 25.4 per cent and 6.3 per cent respectively.
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