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The second lot situated at the junction of Tseuk Luk Street and Hong Keung Street in San Po Kong was bought by Profit Source Properties Limited at $61 million, with bidding opened at $38 million.
With an area of about 222 square metres, the lot has to be developed into a gross floor area of not less than 999 square metres on or before December 31, 1999.
The lowest three floors of the building to be developed should be used for non- industrial purposes excluding godown, hotel, service apartment and petrol filling station. The remaining floors will be for private residential use.
Held in the Concert Hall of the Hong Kong Cultural Centre, Tsim Sha Tsui, the auction was conducted by Government Land Agent, Mr Nigel Burley.
End
Weather of November
November 1996 was warmer than normal. The mean minimum temperature of 21.1 degrees was the highest for November. The mean temperature and mean maximum temperature of 23 and 25.3 degrees were the second and seventh highest for the month respectively.
With less frequent continental cold air affecting the area, the monthly mean sea-level pressure of 1,015.8 hectopascals was the sixth lowest for November.
The month recorded only 3.5 millimetres of rainfall against a normal of 35.1 millimetres but the accumulated rainfall since January 1 of 2,249.1 millimetres was still three per cent above the normal for the same period.
The first day of the month was fine and sunny. The maximum temperature of 29.8 degrees recorded that afternoon was the highest for the month.
A cold front reached the south China coastal area on November 2. Easterly winds strengthened and there were some light rain patches during the night. Two scaffoldings collapsed in strong winds in Tsz Wan Shan Estate and Tsim Sha Tsui on November 3. Winds subsided on November 4 and the weather turned sunny. Fine weather prevailed during the next few days.
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