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The Lands Department this afternoon (April 27) held the first land auction of the 2011-2012 financial year. A government lot in Hung Hom was sold for $1,525 million.
The lot, Kowloon Inland Lot No.11184 at Ko Shan Road, Hung Hom, was sold to Brave Sky Investments Limited at $1,525 million. The opening bid was $900 million. Kowloon Inland Lot No.11184 has a site area of about 1,901.7 square metres and is designated for private residential purposes. A minimum gross floor area of 8,557 square metres must be completed. The maximum gross floor area is 14,262 square metres.
The auction was conducted at the Queen Elizabeth Stadium, Wan Chai, by the Deputy Director of Lands, Mr Graham Ross, who was assisted by the Assistant Director, Ms Karen Chan.
Ends/Wednesday, April 27, 2011
Issued at HKT 16:55
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