Government to pocket $11.4b from Bel-Air, South China Morning Post, 29 Dec 2004

“The deficit-laden government is expected to take a profit of $11.4 billion on sales of flats at the Cyberport development until 2010, according to a report submitted to the Legislative Council. Total proceeds from the Bel-Air luxury home sales at Cyberport were estimated at $17.6 billion, the report said. The government could take 64.5 per cent of the proceeds, the report said.�

Full story at http://biz.scmp.com/bizhk/ZZZNSEMG73E.html