Tender of Tung Chung Town Lot No. 45 at Area 57, is designated for non-industrial purposes (excluding residential, hotel, godown and petrol-filling station) will close by tomorrow (October 16). Our Alex Leung cuts valuation by 20% from our former view to a revised expectation between HK$3.15 and $3.78 billion reflecting the restrictions under the government lease for mainly office purpose. The office supply from this land will represent 7 times of the existing office stock in Tung Chung.
东涌第57区商业地 (东涌市地段第45号) 将10月16日截标。卖地章程指明该项目以写字楼用途为主，亦不能用作酒店用途，因此华坊咨询调低对是次地皮的估值两成，估计可售31.5至37.8亿元。
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