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Lot in Sha Tin sold for $5.5 billion

     The Lands Department this afternoon (August 9) held the fourth land auction of the 2011-12 financial year. A government lot in Sha Tin was sold for $5.5 billion.
     The lot, Sha Tin Town Lot No. 525 at Area 56A, Kau To, Sha Tin, was sold to Pembrooke Development Investments Limited at the opening bid of $5.5 billion. Sha Tin Town Lot No. 525 has a site area of about 23,056 square metres and is designated for private residential purposes. A minimum gross floor area of 57,496 square metres must be completed. The maximum gross floor area is 95,826 square metres. The total number of residential units to be built shall not be less than 970.

     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 Chief Estate Surveyor, Mr Tony Moyung.

Ends/Tuesday, August 9, 2011
Issued at HKT 17:22


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