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The Lands Department this afternoon (March 27) held the last public land auction of the financial year. A Government lot at Shui Hang, Cheung Chau was sold for $96.5 million.
The site, Lot No.1848 in Demarcation District Cheung Chau, was sold to Green View Investment Ltd. for $96.5 million. The opening bid was $39 million. It has a site area of about 10,382 square metres and is designated for private residential purposes. A minimum gross floor area of 2,491 square metres must be completed.
The auction was conducted at the Hong Kong Cultural Centre, Tsim Sha Tsui by Assistant Director of Lands, Mr Graham Ross, assisted by Chief Estate Surveyor, Ms Karen Chan.
Ends/Tuesday, March 27, 2007
Issued at HKT 17:49
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