Govt axes two idle plot leaseholds
The leaseholds of an idle plot of land in the peninsula and anther one in Taipa have been annulled because the leaseholders, the government says, failed to develop them within the legal period, according to yesterday’s Official Gazette (BO).Of the two plots, the larger one, a plot known as “A2/g” covering an area of 6,480 square metres in Nape, was earmarked for a 16-storey residential and commercial building, while the smaller one, known as “O4b”, covering an area of 2,170 square