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September 14, 2020

Tung Chung site sale set
A Tung Chung site in the 2020-21 Land Sale Programme will be sold by open tender, the Lands Department announced recently. The site, listed as Tung Chung Town Lot No. 45 at Area 57, is designated for non-industrial purposes, excluding residential, hotel, godown and petrol-filling station. It has a site area of about 12,335 sq m with minimum and maximum gross floor areas of 70,310 sq m and 117,182 sq m. The tender invitation will be closed by October 16. Land sale documents are available online 
     The Land Registry recorded 5,390 sale and purchase agreements for all building units for registration in August, down 28.9% from July and up 4.5% year-on-year. The total consideration for sale and purchase agreements dropped 34.2% from July to $45.6 billion, representing a 7.4% year-on-year increase. Of the agreements, 4,358 were for residential units, down 28.9% from July and a rise of 6.7% compared to the same month a year ago. The total consideration for residential units was $40.2 billion, down 32.4% compared with July and 9.9% higher than August 2019. 


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