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Lot at Kowloon Tong sold for $2,170 million

    The Lands Department this afternoon (November 3) held the ninth land auction of the 2010-2011 financial year. A government lot in Kowloon Tong was sold for $2,170 million.

     The lot, New Kowloon Inland Lot No.6493 at Inverness Road, Kowloon Tong, was sold to Panatiff Limited at $2,170 million. The opening bid was $1,716 million. New Kowloon Inland Lot No.6493 has a site area of about 7,046 square metres and is designated for private residential purposes. A minimum gross floor area of 12,683 square metres must be completed. The maximum gross floor area is 21,138 square metres.

     The auction was conducted at the Queen Elizabeth Stadium, Wan Chai, by the Deputy Director of Lands, Mr Graham Ross, who was assisted by the Assistant Director, Mr Jeff Lam.

Ends/Wednesday, November 3, 2010
Issued at HKT 16:36


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