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The Lands Department this afternoon (September 17) held the fifth land auction of the 2007-2008 financial year, with a government lot in Tai Po selling for $4.55 billion.
The lot, Tai Po Town Lot No 186, at Pak Shek Kok Development Area, Phase I, Site B, Tai Po, New Territories, was sold to Pacific Bond Ltd. The opening bid was $3.08 billion. Tai Po Town Lot No 186 has a site area of about 22,126 square metres and is designated for private residential purposes. A minimum gross floor area of 39,827 square metres must be completed.
The auction was conducted at the Hong Kong Cultural Centre, Tsim Sha Tsui, Kowloon, by Assistant Director of Lands, Mr Chris Mills, assisted by Chief Estate Surveyor, Ms Eugina Fok.
Ends/Monday, September 17, 2007
Issued at HKT 17:31
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