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Tender result of former government quarters announced
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     The Government Property Agency today (September 25) announced the result of the tender exercise on the disposal of the whole of Block A and Block B including 84 flats and 84 designated car parking spaces in one parcel at Winfield Building, Nos. 1, 3 and 5 Ventris Road, Hong Kong (former Government quarters).  

     The Agency received nine bids upon closure of the tender on September 11, 2009.  Having assessed the offers received, the Government awarded the tender to the highest bidder, Crown Century Development Limited.  The sale price is HK$2,142,500,000.00.

     All tenderers and the existing tenants have been informed of the tender result in writing.

Ends/Friday, September 25, 2009
Issued at HKT 17:36

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