31 May 2002
Results of sale by open tender of The Metropolis, Phase I
 
The Kowloon-Canton Railway Corporation (KCRC) today (Friday) announced the results of the sale by open tender of The Metropolis, Phase I, in Hung Hom, comprising a 12-storey hotel, a three-storey retail podium and a 15-storey office tower.
The hotel will be sold to Upside Profits Ltd at a price of $1,191,000,000 and the commercial podium to Vision Million Ltd at $1,287,800,000.
Results of the floor-by-floor sale of the office tower are:

FLOOR

SUCCESSFUL BIDDER

11/F

Wisdom Champion Limited

12/F

Wisdom Champion (12) Limited

15/F

Wisdom Champion (15) Limited

16/F

Wisdom Champion (16) Limited

17/F

Wisdom Champion (17) Limited

18/F

Wisdom Champion (18) Limited

19/F

Wisdom Champion (19) Limited

20/F

Wisdom Champion (20) Limited

21/F

Wisdom Champion (21) Limited

22/F

Wisdom Champion (22) Limited

23/F

Wisdom Champion (23) Limited

25/F

Wisdom Champion (25) Limited

26/F

Wisdom Champion (26) Limited

27/F

Wisdom Champion (27) Limited

28/F

Wisdom Champion (28) Limited

The total price to be realised in the sale of the office block is $896,803,654 and in terms of floor by floor, the prices range from $53,575,727 to $67,405,342.
One tender was received for each of the above sale items.