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 From Hong Kong's Information Services Department
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February 22, 2010
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Land
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Tseung Kwan O lot fetches $3.37b
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land auction
Sold!: Tseung Kwan O Town Lot No.76 at Area 66B is sold to Group Allied for $3.37 billion.

A government lot in Tseung Kwan O sold for $3.37 billion today, 68.5% higher than the opening bid, in the third land auction this financial year.

 

Tseung Kwan O Town Lot No.76 at Area 66B was sold to Group Allied. The opening bid was $2 billion.

 

The site has an area of 12,300 square metres and is designated for non-industrial, excluding godown, hotel and petrol station, purposes. A minimum gross floor area of 40,590 square metres must be completed.