＜HK Home＞LandsD: Tender for Site of Pilot Scheme in Chai Wan Fails to Meet Reserve Price and Not Awarded

　　The Lands Department announced that the tender for the residential land at Chai Wan Inland Lot No. 185, Cheung Man Road, Chai Wan, Hong Kong was not accepted because the tender price did not reach the reserve price set by the government for the site. The tenderer was Able Best Limited, and its parent company is ABLE ENG HLDGS (01627.HK) +0.005 (+1.124%) .

　　The Government will not speculate on the considerations behind the bids placed by tenderers.

　　Not less than 700 residential units shall be developed within the lot under the Private Subsidized Sale Flats Pilot Scheme. The tender closed on 19 July.

　　(HK stocks quote is delayed for at least 15 mins.)