Wednesday, July 23, 2014   

Govt rejects bids for Taipo site
(03-12 17:55)

The residential site at Fo Chun Road, Taipo was not sold as the government rejected the seven tenders received.
"Authority from the Central Tender Board was given to the Lands Department to reject all the seven tenders received for the purchase of Tai Po Town Lot No. 213 as the tendered premiums do not meet the Government's reserve price for the site," the Lands Department spokesman said.
Sino Land, Cheung Kong, Wheelock Properties, Great Eagle Holdings, Paliburg Holdings, Sun Hung Kai Properties and New World Development were among the seven tenders.
The site has an area of 19,000 square metres.
Meanwhile, the site at Pik Sha Road and Clear Water Bay Road, Sai Kung, was sold to Letrich Property for HK$160 million.
The developer outbid 16 competitors to get the site of an area of 1,242.7 square metres.
   
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