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Lot in Wong Tai Sin sold for $3.98 billion

    The Lands Department this afternoon (July 31) held the fourth land auction of the 2007-2008 financial year.  A government lot in Wong Tai Sin was sold for $3.98 billion.

     The lot, New Kowloon Inland No 6309, at No 3 Chun Yan Street, Wong Tai Sin was sold to Bethan Company Limited at $3.98 billion.  The opening bid was $3 billion.  New Kowloon Inland No 6309 has a site area of about 9,502 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes.  A minimum gross floor area of 51,311 square metres must be completed.

     The auction was conducted at the Arena of the Queen Elizabeth Stadium, Wan Chai, by Assistant Director of Lands, Mr James Merritt, assisted by Chief Estate Surveyor, Mr Tony Moyung.

Ends/Tuesday, July 31, 2007
Issued at HKT 17:21


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