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Two lots sold for $380 million at land auction
Two lots of government land were sold for a total of $380 million at a public land auction held by the Lands Department this (Wednesday) afternoon.
The first lot, located at the junction of Tai Yuk Road and Ma Tin Road in Yuen Long, was sold to Dragon View (HK) Limited at $370 million, with bidding opened at $180 million.
It has an area of about 4,206 square metres for non-industrial purposes, excluding petrol filling station, hotel and godown.
The developer has to complete a gross floor area of not less than 13,880 square metres on or before December 31, 2000.
The second lot, in Mui Wo, Lantau Island, was bought by J K N International Limited at the opening price of $10 million.
With an area of about 720 square metres, the lot is for non-industrial purposes excluding residential, godown, hotel, guest house and service apartment.
The developer has to complete a gross floor area of not less than 860 square metres on or before December 31, 1999.
Held in the Concert Hall of the Hong Kong Cultural Centre, Tsim Sha Tsui, the auction was conducted by Government Land Agent, Mr Roger Harding.
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Labour Department to organise job matching exhibition
Members of the public are invited to visit a two-day job matching services exhibition organised by the Labour Department on Friday (November 15) and Saturday.
The exhibition - open from 10 am to 6 pm daily at Gallery A and B of the New World Centre, Salisbury Road, Tsim Sha Tsui is aimed at promoting the free job matching services of the Labour Department to both employers and job-seekers.
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