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The Lands Department this afternoon (May 5) held the first land auction of the 2009-2010 financial year. A Government lot in Sheung Shui was sold for $61 million.
The lot, Fanling Sheung Shui Town Lot No. 225 at San Fung Avenue, Shek Wu Hui in Sheung Shui, was sold to Successful Properties Limited at $61 million. The opening bid was $30 million. Fanling Sheung Shui Town Lot No. 225 has a site area of about 305.8 square metres and is designated for non-industrial (excluding godown and hotel) purposes. A minimum gross floor area of 716 square metres must be completed.
The auction was conducted at the Queen Elizabeth Stadium, Wan Chai by the Assistant Director of Lands, Mr Chris Mills, who was assisted by the Chief Estate Surveyor, Ms Sophia Chiang.
Ends/Tuesday, May 5, 2009
Issued at HKT 17:48
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