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Three lots sold for $6.18 billion at land auction
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    The Lands Department this afternoon (March 13) held the fifth public land auction of the financial year.  Three Government lots were sold for a total of $6.18 billion.

     The first two lots sold were the two lots in Pak Shek Kok, Tai Po Town Lot No. 187 and Tai Po Town Lot No. 188.  Following an opening bid of $1 billion, Tai Po Town Lot No. 187 was sold to Century Rise Limited for $2.11 billion.  The site has an area of about 10,028 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes. A minimum gross floor area of 19,254 square metres must be completed.  

     The nearby Tai Po Town Lot No. 188 was sold to ACE Glory Limited for $3.5 billion after an opening bid of $2.1 billion.  The lot has an area of about 19,902 square metres and is designated for private residential purposes.  A minimum gross floor area of 41,795 square metres must be completed.

     The third lot, Tai Po Town Lot No. 195 at Plover Cove Road, Tai Po, was sold to Sunny Foundation Limited for $570 million.  The opening bid was $326 million.  Tai Po Town Lot No. 195 has a site area of about 2,750 square metres and is designated for non-industrial (excluding godown and petrol filling station) purposes.  A minimum gross floor area of 9,600 square metres must be completed.  

     The auction was conducted at the Queen Elizabeth Stadium, Wan Chai by Assistant Director of Lands, Mr Graham Ross, assisted by Chief Estate Surveyor, Ms Eugina Fok.

Ends/Tuesday, March 13, 2007
Issued at HKT 18:22

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