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The Lands Department this afternoon (July 28) held the fourth land auction of the 2010-2011 financial year. A government lot at The Peak was sold for $10.4 billion.
The lot, Inland Lot No. 9007 at 103 Mount Nicholson Road, The Peak, Hong Kong, was sold to Market Prospect Limited at $10.4 billion. The opening bid was $8 billion. Inland Lot No. 9007 has a site area of about 23,312 square metres and is designated for private residential purposes. A minimum gross floor area of 18,109 square metres must be completed. The maximum gross floor area is 30,180.4 square metres.
The auction was conducted at Tsuen Wan Town Hall by the Deputy Director of Lands, Mr Graham Ross, who was assisted by the Chief Estate Surveyor, Mr Tony Moyung.
Ends/Wednesday, July 28, 2010
Issued at HKT 18:02
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