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Lot in Fanling sold for $1.33 billion

     The Lands Department this afternoon (May 24) held the second land auction of the 2010-2011 financial year. A government lot in Fanling was sold for $1.33 billion.

     The lot, Fanling Sheung Shui Town Lot No.177 at the junction of Ma Sik Road and Sha Tau Kok Road (Lung Yeuk Tau Section), Area 19, Fanling, was sold to World Light Limited at $1.33 billion. The opening bid was $1.0538 billion. Fanling Sheung Shui Town Lot No.177 has a site area of about 8,900 square metres and is designated for non-industrial (excluding office, godown, hotel and petrol filling station) purposes. A minimum gross floor area of 34,290 square metres must be completed.

     The auction was conducted at Queen Elizabeth Stadium, Wan Chai, by the Deputy Director of Lands, Mr Graham Ross, who was assisted by the Chief Estate Surveyor, Mr Tony Moyung.

Ends/Monday, May 24, 2010
Issued at HKT 17:05


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