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More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

Yuen Long residential site sold

The tender for a residential site in Yuen Long has been awarded on a 50-year land grant at a premium of $716 million, the Lands Department announced today.   Lot No 1677 in Demarcation District No 115 at the junction of Lau Yip Street and Chung Yip Road was awarded to Crown Gain Investments, a subsidiary of CK Asset Holdings.   It has a site area of about 15,208 sq m and is designated for private residential purposes.   The site's minimum and maximum gross floor areas are 4,379.8 sq m and 7,299.8 sq m.
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